Imperial Capital Starts Johnson Outdoors (JOUT) at Outperform

August 24, 2016 6:26 AM EDT
Get Alerts JOUT Hot Sheet
Price: $37.48 +3.36%

Rating Summary:
    2 Buy, 0 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 26 | Down: 29 | New: 38
Trade JOUT Now!
Join SI Premium – FREE

Get inside Wall Street with StreetInsider Premium. Claim your 2-week free trial here.

Imperial Capital initiates coverage on Johnson Outdoors (NASDAQ: JOUT) with a Outperform rating and a price target of $40.00, suggesting 38% upside.

Analyst George Kelly commented, "We believe Johnson Outdoors is undervalued given its financial profile (revenue growth, strong free cash flow, underleveraged balance sheet) and portfolio of brands (especially Minn Kota). With a costly legal battle and other one-time issues behind the company, we believe results should become “cleaner” and more straightforward, and shine a spotlight on JOUT’s core profitability. As added potential upside, we see value if the company were to restructure or prioritize its key business units."

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

Shares of Johnson Outdoors closed at $29.09 yesterday.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, New Coverage

Related Entities

Imperial Capital

Add Your Comment