Jefferies Starts At Home Group (HOME) at Buy

August 29, 2016 6:53 AM EDT
Get Alerts HOME Hot Sheet
Price: $11.18 -0.71%

Rating Summary:
    3 Buy, 3 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 25 | Down: 28 | New: 8
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Jefferies initiates coverage on At Home Group (NYSE: HOME) with a Buy rating and a price target of $20.00.

Analyst Daniel Binder commented, "We are upbeat on the At Home growth story and believe it has an opportunity to profitably expand its base from 115 to 600 over time, growing at a high-teens unit CAGR. Thus far, management has executed its low cost, low-price value strategy well. With its unit growth should come increased scale, improved sourcing and fixed cost leverage. Sourcing gains should enable the company to reinvest in its value proposition and in turn gain market share."

For an analyst ratings summary and ratings history on At Home Group click here. For more ratings news on At Home Group click here.

Shares of At Home Group closed at $16.08 yesterday.

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