Emerald Holding initiated with a Buy at Rosenblatt

Rosenblatt analyst Barton Crockett initiated coverage of Emerald Holding with a Buy rating and $7.20 price target. The firm sees “three ways to win” with what it calls a “domestic leader in the enduringly and increasingly valuable B2B trade show industry,” namely from the finish of the pandemic recovery, from consolidation in the sector or it were to sell at a 50%-plus premium “at some point.”