RHP jumps as Morgan Stanley upgrades to Overweight on improving group RevPAR
Ryman Hospitality Properties (RHP) is rising after Morgan Stanley upgraded the stock to Overweight and lifted its price target to $105 from $88, citing accelerating RevPAR led by group demand. The upgrade follows a cluster of recent positive Street actions, including a higher target from Barclays and a reiterated Buy from Truist.
1. What’s moving the stock today
Ryman Hospitality Properties (NYSE: RHP) is higher today as investors react to a fresh bullish analyst reset: Morgan Stanley upgraded RHP to Overweight and raised its price target to $105 from $88, pointing to accelerating revenue per available room (RevPAR) and improving group RevPAR trends. The call frames RHP’s group-heavy business mix as a key driver of the improving outlook and suggests the stock’s valuation had become more compelling after recent multiple compression. (investing.com)
2. Why the market is reacting now
RHP tends to trade on shifts in expectations around group bookings, convention demand, and forward RevPAR. The Morgan Stanley note lands alongside other recent constructive signals from the Street, including a higher target price from Barclays and continued positive positioning from Truist, reinforcing the view that fundamentals are holding up even as investors have been selective toward lodging and REIT exposures. (defenseworld.net)
3. What investors will watch next
The next major scheduled catalyst is Ryman’s first-quarter 2026 earnings release, planned for after the market close on April 30, 2026, followed by a conference call on May 1, 2026. Investors will be focused on updates to group pace, RevPAR trajectory (especially group), and any commentary on near-term disruptions and project timelines that could affect 2026 earnings power and cash return capacity. (ir.rymanhp.com)