Sequential Brands (SQBG): 3 Near Term Catalysts From NDR - Piper Jaffray

August 24, 2016 7:17 AM EDT
Get Alerts SQBG Hot Sheet
Price: $5.41 +5.25%

Rating Summary:
    5 Buy, 1 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 21 | Down: 18 | New: 19
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Piper Jaffray analyst, Erinn Murphy, reiterated her Overweight rating on Sequential Brands (NASDAQ: SQBG) and sees three near-term catalysts: 1) a new MS licensee announcement; 2) the Fall Analyst Day; and 3) Q3 earnings call where FY17 guidance will likely be issued.

Mgmt remains confident in its HSD organic growth goal, indicating its core brands--Jessica Simpson, Martha Stewart, AND1/Avia--are still driving growth at least to this level. Mgmt reiterated their 2018 plan to achieve $250M in sales & $175M in EBITDA.

No change to the price target of $12.00

For an analyst ratings summary and ratings history on Sequential Brands click here. For more ratings news on Sequential Brands click here.

Shares of Sequential Brands closed at $6.89 yesterday.

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