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Fly News Breaks for November 12, 2015
ELY, MYCC
Nov 12, 2015 | 07:25 EDT
Following his firm's Golf Summit in Atlanta, Jefferies analyst Randal Konik says the golf industry appears to have bottomed. Today, demand for golf facilities is now better matched to lowered supply, the analyst contends. He believes ClubCorp (MYCC) can reach its $300M 2018 EBITDA target a year early and Callaway Golf (ELY) can at least double its EBITDA by 2018. The analyst is bullish on both stocks.
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