BMO Capital Starts Fairway Group Holdings (FWM) at Outperform

October 15, 2013 5:54 PM EDT Send to a Friend
Get Alerts FWM Hot Sheet
Price: $5.40 -2.53%

Rating Summary:
    1 Buy, 6 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 8 | Down: 26 | New: 22
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BMO Capital initiated coverage on Fairway Group Holdings (NASDAQ: FWM) with a Outperform rating and price targe of $28.00.

Analyst Kelly Bania said, "We believe the 14% pullback in FWM shares since early July offers a compelling buying opportunity ahead of a potentially strong year in FY2015 (or CY2014 given that FWM’s fiscal year ends in March). FWM’s valuation is now in line to slightly below that of other consumer companies generating 25%-30% earnings growth."

For an analyst ratings summary and ratings history on Fairway Group Holdings click here. For more ratings news on Fairway Group Holdings click here.

Shares of Fairway Group Holdings closed at $24.47 yesterday.

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