UPDATE: Gabelli & Company Maintains Buy, $43 PT on International Speedway Corporation Post Q2 Earnings

On Friday, Gabelli & Company reiterated its Buy rating and $43 price target on International Speedway Corporation (NASDAQ: ISCA) as the company beat estimates for the second quarter.

Gabelli & Company commented, "On July 5, 2012, ISC reported second quarter results for FY 2012 of $0.30 per share on revenues of $179.6 million compared with $0.25 of earnings and $138.8 million of revenues in 2Q FY 2011. Ex-items in both periods, earnings amounted to $0.52 versus $0.26 per share, respectively. The company also affirmed guidance of $1.50-1.60 per share, but noted its comfort with the lower end of the range."

International Speedway Corporation closed at $26.89 on Thursday. Friday afternoon, the company traded around 1.3 percent lower.