Emerald Expositions Events Inc Receives a Buy from RBC Capital

By Jason Carr

RBC Capital analyst Gary Bisbee reiterated a Buy rating on Emerald Expositions Events Inc (NYSE: EEX) today and set a price target of $24. The company’s shares closed last Friday at $21.50.

According to TipRanks.com, Bisbee is a 5-star analyst with an average return of 9.3% and a 70.1% success rate. Bisbee covers the Services sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, Servicemaster Global Holdings, and Corporate Executive Board.

Currently, the analyst consensus on Emerald Expositions Events Inc is Moderate Buy and the average price target is $24.17, representing a 12.4% upside.

In a report issued on May 23, Deutsche Bank also initiated coverage with a Buy rating on the stock with a $25 price target.

The company has a one year high of $22.50 and a one year low of $18.67. Currently, Emerald Expositions Events Inc has an average volume of 636.9K.

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Emerald Expositions Events, Inc. engages in the operation of business-to-business (B2B) Trade shows. It currently operates more than 50 trade shows as well as numerous events. The company was founded in 2013 and is headquartered in San Juan Capistrano, CA.