Imperial Capital Starts ClubCorp Holdings (MYCC) at In-Line

Imperial Capital initiates coverage on ClubCorp Holdings (NYSE: MYCC) with a In-Line rating and a price target of $12.00.

Analyst George Kelly commented, "ClubCorp owns a valuable portfolio of golf and business clubs that generate steady EBITDA and FCF, but we believe the stock likely will remain “range-bound” until there is more clarity and confidence in the long-term capital allocation strategy, which is especially important given the company’s >4x leverage ratio. A more predictable capital allocation plan with an emphasis on debt reduction could be beneficial for the equity, in our opinion."

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 $11.36 yesterday.

You May Also Be Interested In

• BofA Securities Starts Dollarama Inc. (DOL:CN) (DLMAF) at Buy
• Nokia OYJ (NOKIA:FH) (NOK) PT Raised to EUR18 at JPMorgan
• Oxford Industries (OXM) PT Lowered to $40 at UBS Amid Top-line Weakness