H.C. Wainwright analyst Scott Buck raised the firm’s price target on RCI Hospitality to $140 from $120 and keeps a Buy rating on the shares. The company reported stronger than expected results, and club acquisitions will drive revenue and free cash flow growth in 2023, Buck tells investors in a research note. As the company continues to execute on its capital allocation strategy and meaningfully growing free cash flow per share, more investors should begin to gravitate towards RCI shares, says the analyst.
Published first on TheFly
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