Jefferies maintained a Buy rating on ClubCorp Holdings (NYSE: MYCC), and cut the price target to $27.00 (from $31.00), following the company's 4Q earnings report. MYCC ended the year off strong and provided a solid outlook for 2016. Given recent oil price weakness, MYCC's Texas exposure has been a key overhang on the stock. Despite concerns, MYCC's Texas clubs posted revenue and adjusted EBITDA gains throughout 2015, with growth accelerating in 4Q.

Analyst Randal Konik commented, "MYCC ended the year off strong and provided a solid outlook for 2016. Overall, we continue to view the long-term story favorably but recognize that investor concerns over the company's Texas exposure will remain a key overhang on the stock. We view concerns as overblown and would use this opportunity to accumulate shares at an attractive entry price. Reiterate Buy, PT to $27."

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 $11.38 yesterday.