Soho House price target lowered to $9 from $10 at Roth MKM

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.