Soleil Securities Upgrades Jo-Ann Stores (JAS) to Buy
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Soleil Securities upgrades Jo-Ann Stores (NYSE: JAS) from Hold to Buy. Price target $20.
Soleil analyst says, "Upgrade to Buy from Hold based on our growing conviction that sales results early this year could exceed consensus expectations. No change F10E$0.85 nor F11E$1.10. While sales are the key catalyst for the stock, in our opinion, JAS will also see a nice tailwind from lower cost of goods in F10. Increasing price target to $20 from $16."
To see more analyst ratings on JAS Click Here.
Jo-Ann Stores, Inc. is a specialty retailer of fabrics and crafts, serving customers in their pursuit of apparel and craft sewing, crafting, home decorating and other creative endeavors.
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