Patrick Scholes at SunTrust Robinson Humphrey isn't buying the idea that Ryman Hospitality Properties will quickly close the valuation gap to its peers. This morning, he cut his rating on the owner of the Gaylord family of hotels to a rare 'reduce' from 'neutral,' citing a rich valuation and the challenges it faces in growing revenue per available room. His price target is $34; shares of Ryman (Ticker: RHP) opened down slightly this morning and are changing hands around $40.
Over at Feltl in Minneapolis, Brent Rystrom has lifted his price target for shares of Tractor Supply to $112 from $105 after the farm and ranch retailer reported a stronger-than-expected fourth quarter. As of this morning, the median price target for Tractor Supply stands at $107 while the stock (Ticker: TSCO) is changing hands just above $100.