Wells Fargo raised the firm’s price target on Ryman Hospitality (RHP) to $130 from $124 and keeps an Overweight rating on the shares. The lodging REITs are coming off a period of limited M&A chatter, and the firm expects the news of interest in Sunstone Hotel (SHO) to also accrue to peers, providing a slightly elevated floor.
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Read More on RHP:
- Ryman Hospitality initiated with an Outperform at BMO Capital
- Lodging REIT sector should rally after Bloomberg report on Sunstone, says Stifel
- Ryman Hospitality price target raised to $136 from $130 at Truist
- Ryman Hospitality management to meet with Truist
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