ClubCorp (MYCC) Off to Strong Start, Jefferies Says; PT Lifted to $31

Jefferies analyst Randal Konik reiterated a Buy rating and bumped his price target on ClubCorp Holdings (NYSE: MYCC) to $31.00 (from $30.00) following solid Q1 results.

Konik commented, "MYCC got off to a strong start in 2015 with solid 1Q results driven by new clubs & same store growth. The outlook for the balance of 2015 and beyond remains bright with mgmt. raising revenue and EBITDA targets and setting an EBITDA goal of $300M in 2018. We continue to view MYCC as a very attractive investment opportunity given highly predictable revenue & cash flow streams, organic & external growth prospects & favorable valuation."

For an analyst ratings summary and ratings history on ClubCorp Holdings click here. For more ratings news on ClubCorp Holdings click here.

Shares of ClubCorp Holdings closed at $21.89 yesterday.

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