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Fly News Breaks for March 3, 2017
RHP
Mar 3, 2017 | 07:00 EDT
BofA/Merrill analyst Shaun Kelley downgraded Ryman Hospitality to Underperform and lowered its price target to $60 from $64. The analyst said shares have seen a meaningful multiple expansion and are now the most expensive in the group and believes 2017 and 2018 will be significantly higher investment years, driving up leverage and negatively impacting free cash flow.
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