Nomura Securities Maintains a 'Neutral' on rue21, inc. (RUE); Comments From Investor Day
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Price: $34.25 +0.68%
Rating Summary:
2 Buy, 6 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 21 | Down: 43 | New: 13
Rating Summary:
2 Buy, 6 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 21 | Down: 43 | New: 13
Trade RUE Now!
Nomura Securities maintains a 'Neutral' on rue21, inc. (NASDAQ: RUE) price target of $30.00.
Analyst, Paul Lejuez, said, "RUE hosted an investor day at its headquarters outside of Pittsburgh. The key message was mgmt reiterating plans to ultimately operate 1,500 stores in the U.S. (vs. ~765 today), and the day focused on showcasing the company’s talent and improving infrastructure to support this growth. While we believe 1Q comps are likely tracking above our current estimate of +1%, we respect mgmt’s conservatism looking out to the future. With positive comps in 1Q, the stock is likely to continue working, especially if mgmt communicates a strong start to 2Q at the time they report 1Q earnings in late May."
For an analyst ratings summary and ratings history on rue21, inc. click here. For more ratings news on rue21, inc. click here.
Shares of rue21, inc. closed at $30.50 yesterday, with a 52 week range of $19.69-$37.33.
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Analyst, Paul Lejuez, said, "RUE hosted an investor day at its headquarters outside of Pittsburgh. The key message was mgmt reiterating plans to ultimately operate 1,500 stores in the U.S. (vs. ~765 today), and the day focused on showcasing the company’s talent and improving infrastructure to support this growth. While we believe 1Q comps are likely tracking above our current estimate of +1%, we respect mgmt’s conservatism looking out to the future. With positive comps in 1Q, the stock is likely to continue working, especially if mgmt communicates a strong start to 2Q at the time they report 1Q earnings in late May."
For an analyst ratings summary and ratings history on rue21, inc. click here. For more ratings news on rue21, inc. click here.
Shares of rue21, inc. closed at $30.50 yesterday, with a 52 week range of $19.69-$37.33.
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