Ryman Hospitality (RHP) Shares Soar 10.65% Amid Tariff Fears
Ryman Hospitality (RHP) shares surged by 10.65% today, marking a significant rebound from their lowest level since October 2022, which saw an intraday decline of 3.27%.
Truist Financial recently adjusted their price target for Ryman Hospitality PropertiesRHP--, lowering it from $133.00 to $127.00 while maintaining a "buy" rating. This adjustment reflects the firm's updated outlook on the company's future performance, which could influence investor sentiment and stock price movements.
Ryman Hospitality Properties has been assigned a consensus rating of "Moderate Buy" by analysts, with a target price of $124.67. This rating suggests that while there is optimism about the company's prospects, there are also some concerns that could impact its stock price.
In the quarter ending December 2024, Ryman HospitalityRHP-- Properties reported funds from operations (FFO) and revenue surprises of -2.27% and 1.47%, respectively. These figures indicate that while the company's revenue exceeded expectations, its FFO fell short, which could be a cause for concern among investors.
Additionally, Ryman Hospitality Properties has been affected by tariff fears, as highlighted in a recent stock pitch. These concerns could lead to increased volatility in the company's stock price as investors assess the potential impact of tariffs on its operations and financial performance.
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