Ryman Hospitality Properties (RHP) PT Lowered to $130 at Truist Securities

Truist Securities analyst Charles Scholes lowered the price target on Ryman Hospitality Properties (NYSE: RHP) to $130.00 (from $135.00) while maintaining a Buy rating.

The analyst commented: "Our 2024E EBITDA projection goes to $757M from $766M and AFFO/share projection goes to $7.77 from $7.82. Our 2025E EBITDA projection goes to $817M from $837M and AFFO/share projection goes to $8.88 from $9.06. Our price target of $130 (down from $135) is based on a Hospitality segment target multiple of 13.0x multiple (unchanged) and Entertainment target multiple of 16.0x (unchanged) of 2025E EBITDA. RHP is trading at 11.5x/11.5x our 2024E/2025E EBITDA estimates."

You May Also Be Interested In

• Sprinklr Inc (CXM) PT Raised to $7.50 at Cantor Fitzgerald
• National Health Investors (NHI) PT Lowered to $80 at Truist Securities
• MiniMed Group (MMED) PT Raised to $27 at StoneX on Conservative Revenue Guide