Analyst Sees Near-Term Challenges at Summer Infant (SUMR)

November 21, 2012 11:54 AM EST Send to a Friend
Get Alerts SUMR Hot Sheet
Price: $3.39 -0.29%

Rating Summary:
    4 Buy, 1 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 29 | Down: 45 | New: 4
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Imperial Capital maintained an In-Line Summer Infant (NASDAQ: SUMR) and slashed its price target to $2.00 (from $3.00) following disappointed Q3 results reported in mid-November.

Commenting on the Summer Infant's prospects, analyst Lee J. Giordano said, "We believe Summer's efforts to lower expenses, solidify its capital structure, and focus on new product innovation should eventually lead to improved results."

"However," added Giordano, "given the continued slowdown in sales trends and lower margins amid a challenging retail environment, we believe investors will be less willing to ascribe a premium multiple to the shares in the near term.”

For an analyst ratings summary and ratings history on Summer Infant click here. For more ratings news on Summer Infant click here.

Shares of Summer Infant closed at $1.65 yesterday.


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