Nomura Securities Maintains 'Neutral' on Gaylord Entertainment (GET); Preannouncement Contained Several Surprises

Nomura Securities maintains Neutral Gaylord Entertainment (NYSE: GET) price target of $31.00.

Analyst, Harry Curtis, reported on surprises from Q1 preannouncement, including, "1) GET’s efficiency programs (in place since 2009) gained traction, as overall system occupancy reached ~75%. 2) Margins expanded by 410bps despite total RevPAR growth of 4.9%. 3) The company spent $3mn to explore unlocking shareholder value."

"Valuation – Private Equity Could Pay $40 - We think TRT is the most logical partner for GET, given its ownership of the Omni brand. We assume that TRT’s forecasts, like ours, include additional supply growth in GET’s key Nashville, Dallas and D.C. markets."

For an analyst ratings summary and ratings history on Gaylord Entertainment click here. For more ratings news on Gaylord Entertainment click here.

Shares of Gaylord Entertainment closed at $31.48 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Nomura/Instinet Upgrades Genting Singapore (GENS:SP) (GIGNY) to Neutral
• Jefferies on Five Below (FIVE): 'Our latest channel checks reinforce our view that FIVE's momentum extends well beyond viral Squish trends'
• UBS Reiterates Buy Rating on HF Sinclair (DINO)