Goldman: Look for Ryman to draw in more investors
Goldman Sachs analyst Steven Kent says holders of Ryman Hospitality Properties shares should be patient. The noise around the conversion of the former Gaylord Entertainment Co. into a real estate investment trust will soon subside and give the investment community a clearer picture of the company. That, Kent says, will draw in more money. He has lifted his price target for Ryman (Ticker: RHP) to $38 from $37. In early trading Tuesday, the stock was changing hands around $32.50.
Nov 13, 2012 10:46 AM
Analyst action: Gaylord, CCA
Goldman Sachs analyst Steven Kent has hiked his price target for shares of Gaylord Entertainment following the hotel and resort operator's third-quarter earnings. Kent, who is neutral on Gaylord shares, also raised his earnings forecasts and now sees the stock (Ticker: GET) climbing to $35, less than 4 percent above where they closed Monday trading. Gaylord is down more than 4 percent this afternoon. At Barclays Capital, Manav Patnaik has lifted his target on Corrections Corp. of America shares — despite lowering his rating to 'equalweight' from 'overweight.' The Nashville company's main competitor, The GEO Group, is a better bet for investors, he says. CCA's shares (Ticker: CXW) are off more than 3 percent today. Nov 9, 2010 2:41 PM
Gaylord follows through
Jun 16, 2010 1:41 PM
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Goldman hikes Gaylord target
Goldman Sachs analyst Steven Kent says the profits at hotel operators will grow into the sector's lofty valuations because demand is coming back more strongly than had been expected. Kent has lifted his price target on shares of Gaylord Entertainment (Ticker: GET) to $30.50, a little above its current levels. Apr 13, 2010 1:28 PM
Goldman ups Gaylord
Analyst Steven Kent on Tuesday raised his rating on shares of Gaylord Entertainment from 'sell' to 'neutral,' a call that helped lift the stock (Ticker: GET) by 1 percent. As with calls made by JPMorgan and Oppenheimer analysts last week, the generally improving economy is the reason for the upgrade. Feb 17, 2010 8:41 AM
Gaylord up on Goldman target tweak
Shares of Gaylord Entertainment (Ticker: GET) and a number of other hotel operators had a nice Tuesday after Goldman Sachs analyst Steven Kent lifted his price targets and said the next economic upswing will bring more people and higher prices. SEE ALSO: Kent's call earlier this year that excluded Gaylord Sep 29, 2009 2:45 PM
The downside to Gaylord's long-term booking strategy
Goldman Sachs Steven Kent raised his ratings on the hotel sector Thursday, saying shrinking supply and cost cuts are helping operators weather the storm. The one exception to his optimism is none other than Gaylord. (Ticker: GET)Kent noted that Gaylord's contracts are typically booked one to three years in advance so discounts offered now may weigh on results over a longer-term period.
May 29, 2009 7:20 AM
