J.P. Morgan Reiterates Overweight Rating on Gaylord Entertainment (GET)
J.P. Morgan reiterated its Overweight rating on Gaylord Entertainment Company (NYSE: GET) today. J.P. Morgan "continue[s] to find the stock compelling at current levels."
Gaylord Entertainment Company is engaged in the business of hospitality. J.P. Morgan hosted investor meetings with senior management yesterday.
Analysts at J.P. Morgan note that "GET management remains confident about its business and operating prospects in the face of skittish equity markets and sluggish macro trends, given the unique group lodging aspect of its niche business model (with substantial forward bookings)."
Further, "GET remains encouraged about its forward booking pace, and noted that it continues to make progress at its properties."
Shares of GET gained 0.96% Thursday, to close at $26.35.
