Roth MKM analyst George Kelly lowered the firm’s price target on Soho House (SHCO) to $9 from $10 and keeps a Buy rating on the shares. The firm cites the company’s “mixed” results along with its take private announcement at $9 per share that drove the stock to finish higher by 47%. Soho House is an attractive asset with “motivated” large shareholders, but ultimately a transaction is “likely”, the analyst tells investors in a research note.
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Read More on SHCO:
- BofA moves to No Rating on Soho House after acquisition offer
- Soho House & Co Inc. Reports Strong Q3 2024 Results
- Soho House rises 55.1%
- Soho House rises 59.5%
- Soho House reports Q3 EPS 0c vs. (25c) last year
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
