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Fly News Breaks for April 18, 2018
CLUB
Apr 18, 2018 | 05:17 EDT
Imperial Capital analyst George Kelly raised his price target for Town Sports International Holdings to $10.50 from $8.50 and says the stock remains a top pick despite the recent rally. The analyst believes a higher valuation multiple is warranted given the "continued stabilization in the business." He modestly raised his estimates to account for recent pricing changes, mostly in 2019. Kelly keeps an Outperform rating on Town Sports.
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