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Fly News Breaks for November 11, 2019
RHP
Nov 11, 2019 | 09:11 EDT
SunTrust analyst C. Patrick Scholes raised his price target on Ryman Hospitality to $85 after its Q3 earnings beat, saying the company continues to be on a roll and warrants a "slightly higher" multiple relative to its peers based on its "strong EBITDA growth" expected in 2020. The analyst is keeping his Hold rating on the shares longer term however, noting that while Ryman is benefiting from a late-lodging cycle environment and strong Entertainment sector growth, the uncertain macro outlook and rising labor costs may weigh on its margin growth.
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