UBS Starts SFX Entertainment (SFXE) at Buy

November 4, 2013 9:57 AM EST
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Price: $0.01 --0%

Rating Summary:
    3 Buy, 1 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 14 | Down: 14 | New: 24
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UBS initiates coverage on SFX Entertainment (NASDAQ: SFXE) with a Buy. PT $15.00.

Analyst John Janedis comments, "Our Buy thesis is predicated on our belief that the company will 1) benefit from double digit live event organic growth over the next several years as EMC takes greater hold on a global basis, 2) experience gross margin expansion through benefits of scale and efficiencies at live events, as well as the addition of higher margin sponsorship revenue, 3) drive significant sponsorship revenue across its live event and digital platforms, and 4) make accretive acquisitions further expanding its global footprint."

For an analyst ratings summary and ratings history on SFX Entertainment click here. For more ratings news on SFX Entertainment click here.

Shares of SFX Entertainment closed at $8.77 yesterday.

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