High Visibility, Multiple Growth Driver Create Opportunity in Black Diamond (BDE) - Analyst
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Price: $8.88 -0.56%
Rating Summary:
4 Buy, 2 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 28 | New: 13
Rating Summary:
4 Buy, 2 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 28 | New: 13
Trade BDE Now!
Black Diamond (Nasdaq: BDE) recently hosted a conference call to provide details on its two recently announced transactions, the acquisition of PIEPS (maker of avalanche beacons and safety equipment/tracking devices) and the purchase of its Gregory Japan distributor.
“We view these announcements as further examples of BDE taking the necessary steps toward becoming a larger company. In fact, assuming PIEPS and POC (acquisition announced in July) sales goals are met, BDE will be halfway to reaching its goal of adding $250M in annual sales by 2015 via acquisitions,” said analyst Camilo Lyon, of Canaccord Genuity, who has a positive view on the stock.
“With high visibility into the multiple growth drivers, we reiterate our BUY rating and set a new $13.50 target (from $13)” said Lyon.
For an analyst ratings summary and ratings history on Black Diamond click here. For more ratings news on Black Diamond click here.
Shares of Black Diamond closed at $8.87 yesterday, with a 52 week range of $6.00-$10.63.
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“We view these announcements as further examples of BDE taking the necessary steps toward becoming a larger company. In fact, assuming PIEPS and POC (acquisition announced in July) sales goals are met, BDE will be halfway to reaching its goal of adding $250M in annual sales by 2015 via acquisitions,” said analyst Camilo Lyon, of Canaccord Genuity, who has a positive view on the stock.
“With high visibility into the multiple growth drivers, we reiterate our BUY rating and set a new $13.50 target (from $13)” said Lyon.
For an analyst ratings summary and ratings history on Black Diamond click here. For more ratings news on Black Diamond click here.
Shares of Black Diamond closed at $8.87 yesterday, with a 52 week range of $6.00-$10.63.
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