ClubCorp Reports Tenth Consecutive Quarter of Growth, Narrows Full Year Outlook, and Initiates Strategy to Reduce Leverage

Go back to ClubCorp Reports Tenth Consecutive Quarter of Growth, Narrows Full Year Outlook, and Initiates Strategy to Reduce Leverage

Imperial Capital Cuts Price Target on ClubCorp Holdings (MYCC) to $16 Following 3Q Report

October 17, 2016 7:07 AM EDT

Imperial Capital maintained an Outperform rating on ClubCorp Holdings (NYSE: MYCC), and cut the price target to $16.00 (from $21.00), following the company's 3Q earnings report. At the end of 2016, ClubCorp will have completed reinvention capex at nearly all 2014-2016 acquired clubs. Additionally, ClubCorp is... More

Stifel Cuts Price Target on ClubCorp Holdings (MYCC) to $17; Reiterates Buy

October 14, 2016 9:53 AM EDT

Stifel reiterated a Buy rating on ClubCorp Holdings (NYSE: MYCC), and cut the price target to $17.00 (from $18.00), following the company's 3Q. Consolidated adjusted EBITDA totaled $59M, in line with consensus. The relative underperformance was driven by softer than expected 3% GCC revenue miss vs. consensus,... More