Jefferies Starts Pier 1 Imports (PIR) at Buy
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Price: $24.18 --0%
Rating Summary:
7 Buy, 2 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Rating Summary:
7 Buy, 2 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Trade PIR Now!
Jefferies initiates coverage on Pier 1 Imports (NYSE: PIR) with a Buy. PT $20.00.
The firm comments, "Although its turnaround is complete, Pier 1 still has one of the best top-line growth stories in retail. The centerpiece is the Retail segment's efforts to increase sales productivity to $225/sqft. from $184/sqft. last year. Investors getting on board at current levels are getting a free option on the DTC business, which goes live in late July."
For an analyst ratings summary and ratings history on Pier 1 Imports click here. For more ratings news on Pier 1 Imports click here.
Shares of Pier 1 Imports closed at $16.01 yesterday, with a 52 week range of $8.60-$19.09.
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The firm comments, "Although its turnaround is complete, Pier 1 still has one of the best top-line growth stories in retail. The centerpiece is the Retail segment's efforts to increase sales productivity to $225/sqft. from $184/sqft. last year. Investors getting on board at current levels are getting a free option on the DTC business, which goes live in late July."
For an analyst ratings summary and ratings history on Pier 1 Imports click here. For more ratings news on Pier 1 Imports click here.
Shares of Pier 1 Imports closed at $16.01 yesterday, with a 52 week range of $8.60-$19.09.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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