SunTrust Robinson Humphrey Remains Bullish on Michaels Cos. (MIK) Ahead of 2Q15 Results

SunTrust Robinson Humphrey reiterated a Buy rating and $35.00 price target on The Michaels Companies (NASDAQ: MIK) ahead of the company's 2Q15 earnings results. Analyst David Magee is expecting results to be in-line with consensus. MIK is expected to report its earnings results before the market opens on Thursday, August 27th.

Magee commented, "We look for in-line results from MIK on Thursday morning. We note that comparisons ease modestly in the 2H (but are still relatively tough on a 2, 3- year stack basis). Possible catalyst includes evidence of traction coming from various initiatives including store resets, private label, and refined advertising."

For an analyst ratings summary and ratings history on The Michaels Companies click here. For more ratings news on The Michaels Companies click here.

Shares of The Michaels Companies closed at $23.08 yesterday.

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