Truist analyst C. Patrick Scholes raised the firm’s price target on Ryman Hospitality to $134 from $124 and keeps a Buy rating on the shares. The firm’s proprietary research shows encouraging industry-wide future group business booking and pricing trends, the analyst tells investors in a research note. A big focus point will be detail on Ryman’s allocation of the $1B 5-year CapEx spend that could include high ROI room expansions at Rockies and Hill Country, Truist added.
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