Upgrades lift Gaylord

By Geert De Lombaerde Posted on November 4, 2009 at 10:34 am

Shares of Gaylord Entertainment (Ticker: GET) are up more than 7 percent this morning on the back of upgrades from FBR Capital Markets and Wells Fargo. The move comes after a similarly strong day yesterday, when Gaylord reported better-than-expected Q3 numbers.

FBR researcher Patrick Scholes has lifted his rating on Gaylord to ‘market perform’ from ‘underperform’ and put a price target of $17 on the stock. At Wells, analyst Jeff Donnelly said the main pricing risks to Gaylord’s business are baked into the stock, which should trade between $16 and $18 going forward.

permalink | Comment on this post

Tags: analyst actions, FBR Capital Markets, Gaylord Entertainment Co., hotel management, Jeff Donnelly, Patrick Scholes, stock valuation, Wachovia Securities