Barclays Maintains an 'Overweight' on Select Comfort (SCSS); Favorable Business Model that Protects

August 22, 2012 1:33 PM EDT Send to a Friend
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Price: $25.49 +1.63%

Rating Summary:
    1 Buy, 9 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 24 | Down: 28 | New: 14
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Barclays maintains an 'Overweight' on Select Comfort (NASDAQ: SCSS) price target of $38.00.

Analyst, Jessica Schoen, issues a follow-up to the Firm's recent initiation of coverage on the company.

"We believe the company has substantial growth opportunity remaining that can drive revenue to more than $1.5 billion by 2015 from $743 million in 2011. We also expect operating margins to expand to more than 15% (from 12% in 2011), implying an annual EPS growth rate of 25%+. We view these targets as achievable, given the company's effective strategy to drive the top line, its favorable business model, insulation from competition due to its exclusive distribution, and favorable industry dynamics."

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

Shares of Select Comfort closed at $29.13 yesterday.


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