Brean Capital Sees Key Investment Opportunities for Park City Group

In a report published Wednesday, Brean Capital analyst Todd Mitchell reiterated a Buy rating and $19.00 price target on Park City Group PCYG. In the report, Brean Capital noted, “Monday, Park City Group held an investor day at its headquarters in Salt Lake City, UT during which the company gave a detailed overview of its technology solution for supply chain management and the addressable market for its solutions, provided customer testimonials, and greater details into ReposiTrak's efforts to get its compliance and traceability solutions up and running. We left this meeting with greater confidence in the sheer size of the opportunity for both companies, the applicability of the two companies' technology base, and their capability to execute. Issues of ownership structure between the two companies remain to be fully addressed, and we look for both companies to set stronger standards for benchmarking and disclosing their progress, but by and large, our confidence in the potential opportunity and both companies' ability to execute on that opportunity increased. As a result, we reiterate our BUY rating and $19 price target on shares of PCYG.” Park City Group closed on Tuesday at $13.30.