UPDATE: Deutsche Bank Initiates Coverage on SFX Entertainment on EDM Pure-Play
November 04, 2013 at 11:42 AM EST
In a report published Monday, Deutsche Bank analyst Doug Mitchelson initiated coverage on SFX Entertainment (NASDAQ: SFXE ) with a Buy rating and $15.00 price target. In the report, Deutsche Bank noted, “We forecast '13-'17 pro forma revenue and EBITDA CAGRs of 27% and 94%, respectively (‘15E-‘17E 21% / 48%),
