Cantor Fitzgerald analyst Brett Knoblauch tells investors in a research note that WeWork has amended terms in relation to its line of credit facility, effectively moving all of its debt maturities to 2025, giving the company ample time to scale the business and generate positive free cash flow so that it can repay debt through organic cash generation. The analyst, who made no change to the firm’s Overweight rating or $8 price target, views the stock’s weakness as a buying opportunity and believes the market is under-appreciating WeWork’s free cash flow generation potential.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on WE: