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BMO Capital Starts Ryman Hospitality Properties (RHP) at Outperform

December 9, 2024 2:57 AM EST
Get Alerts RHP Hot Sheet
Price: $127.26 +2.44%

Rating Summary:
    18 Buy, 2 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 4 | Down: 7 | New: 32
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BMO Capital analyst Ari Klein initiates coverage on Ryman Hospitality Properties (NYSE: RHP) with a Outperform rating and a price target of $133.00.

The analyst comments: "We are initiating coverage of Ryman (RHP) with an Outperform rating and $133 target price. RHP's group-oriented portfolio provides unmatched visibility and generates significant out-of-room spend and industry-leading EBITDA/key. We expect RHP to continue to outgrow peers, with accelerating growth in 2026/2027 bolstered by renovations and group pace of 12%/10%, and believe the ultimate monetization of OEG will be a positive catalyst that unlocks value. While RHP is generally well-liked, we still see upside and our $133 target price at 14x 2025 EV/EBITDA reflects a total return of 16%."

For an analyst ratings summary and ratings history on Ryman Hospitality Properties click here. For more ratings news on Ryman Hospitality Properties click here.

Shares of Ryman Hospitality Properties closed at $118.25 yesterday.



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