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RCI Hospitality initiated with a Buy at H.C. Wainwright
The Fly

RCI Hospitality initiated with a Buy at H.C. Wainwright

H.C. Wainwright analyst Scott Buck initiated coverage of RCI Hospitality with a Buy rating and $120 price target. The analyst says "outdated biases may have many investors missing out on this best-in-class operator." RCI owns and operates more than 50 adult entertainment nightclubs and a growing franchise of military themed sports bars, Buck tells investors in a research note. He believes new investors "should be attracted" to RCI shares as the company continues to execute on its strategy. The company’s capital allocation strategy drives meaningful free cash flow per share growth, writes Buck.

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