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PRTY

Party City

$14.95

0.15 (1.01%)

08:32
07/17/17
07/17
08:32
07/17/17
08:32

Party City makes minority investment in Punchbowl

Party City announced that it has entered into an agreement with Punchbowl, Framingham, MA, a technology platform leader for online invitations and digital greeting cards, to launch a digital invitation platform that enables Party City customers to make their own online invitations. The platform is now fully functional at PartyCity.com. In conjunction with this agreement, Party City has made a minority investment in Punchbowl. Ryan Vero, Executive Vice President of Party City Holdco and President of Party City Retail Group, has joined Punchbowl's Board of Directors.

PRTY Party City
$14.95

0.15 (1.01%)

10/25/16
GSCO
10/25/16
INITIATION
Target $17
GSCO
Neutral
Party City initiated with a Neutral at Goldman
Goldman analyst Stephen Tanal initiated Party City with a Neutral and a $17 price target citing fair valuation on a slower back half of earnings growth.
10/26/16
10/26/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Mylan (MYL) initiated with a Buy at Mizuho. 2. Five Below (FIVE) initiated with a Buy at Longbow. 3. NetSuite (N) reinstated with an Underperform at BofA/Merrill. 4. Adient (ADNT) initiated with a Buy at Northcoast. 5. Party City (PRTY) initiated with a Neutral at Goldman. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
11/02/16
BMOC
11/02/16
INITIATION
Target $18
BMOC
Market Perform
Party City initiated with a Market Perform at BMO Capital
BMO Capital analyst Wayne Hood initiated Party City with a Market Perform and an $18 price target.

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