Jefferies Maintains Buy on Pier 1 Imports (PIR) Ahead of Results
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Price: $3.56 --0%
Rating Summary:
1 Buy, 15 Hold, 8 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
1 Buy, 15 Hold, 8 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Jefferies reiterated a Buy rating and $28 price target on shares of Pier 1 Imports (NYSE: PIR) ahead of Q1 results next Thursday before the open.
The firm said while they don't envision this as a big catalyst for the stock, expecting to see further evidence of sales momentum driven by the loyalty card and contributions from the online business.
"We continue to feel the real opportunity to exceed EPS expectations is in the back half of the year after the POS rollout is complete," analyst John Marrin said.
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 $23.54 yesterday.
The firm said while they don't envision this as a big catalyst for the stock, expecting to see further evidence of sales momentum driven by the loyalty card and contributions from the online business.
"We continue to feel the real opportunity to exceed EPS expectations is in the back half of the year after the POS rollout is complete," analyst John Marrin said.
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 $23.54 yesterday.
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