JP Morgan Upgrades Ryman Hospitality Props: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
JP Morgan has upgraded Ryman Hospitality Props (NYSE:RHP) to Neutral and raised the price target from $89.00 to $102.00. Despite the upgrade, the new price target suggests a potential downside of 6.03% from the current share price of $108.55. Ryman Hospitality is a REIT specializing in upscale convention center resorts and country music entertainment experiences.
December 14, 2023 | 5:00 pm
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JP Morgan upgraded Ryman Hospitality Props to Neutral and increased the price target to $102, indicating a potential decrease from the current price of $108.55.
The upgrade to Neutral reflects a more favorable view by JP Morgan, but the price target set below the current market price suggests that the stock may be overvalued, potentially leading to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100