Stephens calls out Party City takeover potential

|About: Party City Holdco, Inc. (PRTY)|By:, SA News Editor

Stephens thinks Party City (NYSE:PRTY) could land offers in the $22 to $24 range if it follows through with a sale process.

The investment firm notes that online competition has hurt Party City and its dependence on Halloween is seen as a negative.

Source: Bloomberg

Previously: Party City spikes on report of possible sale (April 27)

Shares of Party City jumped 6.44% yesterday.