Ryman Hospitality Evaluates OEG Partnership Opportunities After Receiving Inbound Interest

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Summary · why it matters

Ryman Hospitality Properties is evaluating partnership opportunities for its Opry Entertainment Group business after receiving inbound interest from organizations. Executive chairman Colin Reed cited the global popularity of country music and demand for live experiences, and the company has engaged Morgan Stanley to help assess potential opportunities. Reed added that Ryman expects to play an integral role in OEG's continued growth regardless of any strategic partnerships being considered. Separately, BMO Capital raised its price target on Ryman Hospitality to $137 from $125 with an Outperform rating, while Raymond James raised its target to $125 from $120, also with an Outperform rating.

Impact on assets 3

Financials▲
Real Estate▲
Ryman Hospitality Properties Inc
RHP
▲ PositiveDemandrelevance

Inbound interest in OEG partnership opportunities driven by global popularity of country music and demand for live experiences.

Off-coverage companies 1

Opry Entertainment Groupi
Private▲ PositiveDemandrelevance

OEG is the subject of inbound interest and partnership evaluation, indicating strong demand for its live experiences.