Analyst Sees Near-Term Challenges at Summer Infant (SUMR)
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Rating Summary:
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Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
5 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Imperial Capital maintained an In-Line Summer Infant (NASDAQ: SUMR) and slashed its price target to $2.00 (from $3.00) following disappointed Q3 results reported in mid-November.
Commenting on the Summer Infant's prospects, analyst Lee J. Giordano said, "We believe Summer's efforts to lower expenses, solidify its capital structure, and focus on new product innovation should eventually lead to improved results."
"However," added Giordano, "given the continued slowdown in sales trends and lower margins amid a challenging retail environment, we believe investors will be less willing to ascribe a premium multiple to the shares in the near term.”
For an analyst ratings summary and ratings history on Summer Infant click here. For more ratings news on Summer Infant click here.
Shares of Summer Infant closed at $1.65 yesterday.
Commenting on the Summer Infant's prospects, analyst Lee J. Giordano said, "We believe Summer's efforts to lower expenses, solidify its capital structure, and focus on new product innovation should eventually lead to improved results."
"However," added Giordano, "given the continued slowdown in sales trends and lower margins amid a challenging retail environment, we believe investors will be less willing to ascribe a premium multiple to the shares in the near term.”
For an analyst ratings summary and ratings history on Summer Infant click here. For more ratings news on Summer Infant click here.
Shares of Summer Infant closed at $1.65 yesterday.
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