Market Overview

UPDATE: Stifel Initiates Coverage On ClubCorp On Multiple Positive Factors

Share:

In a report published Friday, Stifel analyst Steven Wieczynski initiated coverage on ClubCorp Holdings, Inc. (NYSE: MYCC) with a Buy rating and $23.00 price target.

In the report, Stifel noted, "We are initiating coverage of ClubCorp Holdings, Inc. with a Buy rating and establishing a $23 target price (10x FY16E EBITDA) on the shares. ClubCorp's subscription-based membership dues revenue model produces consistent and predictable financial results, while several embedded organic growth initiatives, coupled with optionality around future M&A, should accelerate the rate of adjusted EBITDA growth and FCF generation."

ClubCorp closed on Thursday at $17.91.

Latest Ratings for MYCC

DateFirmActionFromTo
Jul 2017DowngradesBuyNeutral
Jul 2017DowngradesOutperformIn-Line
Mar 2017UpgradesOutperformNeutral

View More Analyst Ratings for MYCC
View the Latest Analyst Ratings

Posted-In: Steven Wieczynski StifelAnalyst Color Initiation Analyst Ratings

 

Related Articles (MYCC)

View Comments and Join the Discussion!

Latest Ratings

StockFirmActionPT
TSCOPiper SandlerMaintains119.0
UNPBMO CapitalMaintains200.0
UNPArgus ResearchMaintains205.0
ISRGJP MorganMaintains665.0
EHTHRBC CapitalMaintains132.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com