ClubCorp Holdings Receives a Buy from Deutsche Bank

By Ryan Adsit

Deutsche Bank analyst Carlo Santarelli reiterated a Buy rating on ClubCorp Holdings (NYSE: MYCC) yesterday and set a price target of $19. The company’s shares closed yesterday at $13.85.

According to TipRanks.com, Santarelli is a 5-star analyst with an average return of 7.6% and a 67.6% success rate. Santarelli covers the Services sector, focusing on stocks such as Marriott International, Pinnacle Entertainment, and Isle of Capri Casinos.

Currently, the analyst consensus on ClubCorp Holdings is Strong Buy and the average price target is $19, representing a 37.2% upside.

In a report issued on April 4, Jefferies also reiterated a Buy rating on the stock with a $27 price target.

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ClubCorp Holdings, Inc. owns and operates private golf, country clubs, business, sports and alumni clubs in North America. The company operates through two business segments: Golf and Country Clubs; and Business, Sports and Alumni Clubs. The Golf and Country Club segment includes a broad variety of clubs designed to appeal to a diverse group of families and individuals who lead an active lifestyle and seek a nearby outlet for golf, tennis, swimming and other outdoor activities. The Business, Sports and Alumni Clubs segment operates business clubs that provide a setting for dining, business, or social entertainment for business executives, professionals and entrepreneurs located in office towers or business complexes; sports clubs, which comprise fitness and racquet facilities; business or sports clubs; and alumni clubs that associate with universities to provide a connection between the university and its alumni and faculty. ClubCorp Holdings was founded on November 10, 2010 and is headquartered in Dallas, TX.