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Imperial Capital Lifts Numbers on Cabela's (CAB) on Strong Trends

March 15, 2013 10:28 AM EDT Send to a Friend
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Price: $66.49 +3.44%

Rating Summary:
    9 Buy, 5 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 26 | Down: 10 | New: 8
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Imperial Capital boosted its price target on Outperform-rated Cabela's (NYSE: CAB) from $60 to $72 following a positive analyst day event and preannounced strong first quarter trends.

"As an outdoor lifestyle leader, we believe Cabela's is well positioned for growth and market share gains with industry leading square footage growth opportunities, a more productive next generation store format, a $700mn and growing Cabela’s branded business, a dominant multi-channel strategy, and a best-of-breed credit card business," the analyst said. "While the stock has had a tremendous run recently, rising 47% year-to-date versus the S&P 500 up 10%, we believe the near-term momentum in the business and the organic growth potential will enable the stock to continue to outperform the market in the coming year."

The firm raised 1Q13 and 2013 EPS estimates to $0.60 and $3.29 (+21%), up from $0.46 and $3.13, respectively. 2014 EPS estimates are raised to $3.77 from $3.60.

For an analyst ratings summary and ratings history on Cabela's click here. For more ratings news on Cabela's click here.

Shares of Cabela's closed at $61.31 yesterday.




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