Loading...
Loading...
In a report published Tuesday, Bank of America analyst Shaun C. Kelley initiated coverage on
ClubCorp HoldingsMYCC with a Buy rating and $18.00 price target.
In the report, Bank of America noted, “ClubCorp (ticker MYCC) is the largest owner/operator of private golf and country clubs in the U.S. (104 clubs; own 81 fee simple) and also owns 44 business, sports and alumni clubs globally. MYCC offers a solid value proposition for its members, and we believe MYCC's stable organic growth, disciplined investment spend, acquisition opportunities and reasonable valuation creates a compelling investment opportunity. We initiate coverage with a Buy rating and $18 PO.”
ClubCorp Holdings closed on Monday at $14.41.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in