Ryman Hospitality price target lowered to $100 from $118 at Jefferies

Jefferies lowered the firm’s price target on Ryman Hospitality (RHP) to $100 from $118 and keeps a Buy rating on the shares. The firm, citing macro and market uncertainty and decelerating global travel, expects companies in the U.S. lodging group to lower RevPAR and fee guidance, particularly REITs. Among the group, the firm’s sole Buy ratings remain Wyndham Hotels (WH) for its “low-RevPAR, low-leverage franchise model” and “group-stable” Ryman, the analyst noted.