Robert F.X. Sillerman’s SFX Entertainment saw its share price jump nearly 11% on Friday, closing at 94 cents after weeks of struggling to make it back past the $1 mark.
Following months of plummeting stock, lawsuits and speculation that the company was headed towards bankruptcy, SFX saw its share pric increase after Rich Tullo, an analyst at Albert Fried, put a $5 target price on the company, claiming that the price is undervalued in comparison to similar companies.
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