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February 26, 2015
09:53 EDTMSGAnalysts critical of SFX Entertainment CEO bid price, NY Post says
SFX Entertainment (SFXE) CEO Robert Sillerman's recent stock bid for his company provoked negative reactions from some analysts, reports the New York Post. Albert Fried analyst Rich Tullo currently has an SFX price target of $7.00, has called the $4.75 offered price per share "an insult," and encouraged the company to solicit bids from AEG, Live Nation (LYV), and MSG Entertainment (MSG). Maglan Capital CIO Steven Azarbad said "it's definitely worth more than $10 a share" and highlighted the $12 target from Stifel's Ben Mogil. Reference Link

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