BMO Capital Reiterates Outperform Following DAVIDsTEA Inc.'s (DTEA) In-Line 2Q

September 8, 2016 9:46 AM EDT
Get Alerts DTEA Hot Sheet
Price: $9.30 +1.64%

Rating Summary:
    2 Buy, 3 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 21 | Down: 18 | New: 19
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BMO Capital reiterated an Outperform rating and $16.00 price target on DAVIDsTEA (NASDAQ: DTEA) following the company's 2Q earnings report.

Analyst Kelly Bania commented, "DTEA reported in-line F2Q17 Earnings and reiterated full-year guidance. See our Flash note here for details. Despite clear signs of a choppy retail landscape in Canada and the U.S., overall we believe the quarter was marked by several positives along with a few hiccups, but the focus remains on the higher-volume 4th quarter. We maintain our Outperform rating and $16 target price."

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

Shares of DAVIDsTEA closed at $13.18 yesterday.



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