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RCI Hospitality Holdings (RICK) Gains as Sidoti & Co. Sets Aggressive Price Target

December 2, 2016 10:20 AM EST
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Price: $54.17 --0%

Rating Summary:
    3 Buy, 0 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 8 | Down: 5 | New: 36
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RCI Hospitality Holdings (NASDAQ: RICK) is 3.2% higher Friday after Sidoti & Co. initiated coverage on the stock with NR rating but set $27 price target, suggesting 122% upside from Thursday's close.

Analyst Frank Camma notes RCI Hospitality is the undisputed leader in the adult nightclub business, which is largely ignored by other public competitors. Camma said the expansion of Bombshells allows for significant upside for RICK shareholders, in their view. He also said RICK owns a substantial amount of real estate which mitigates the debt balance.



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