Benchmark Starts A.T. Cross Company (ATX) at Buy, $20 PT
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Price: $21.49 --0%
Rating Summary:
1 Buy, 2 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
1 Buy, 2 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Benchmark initiates coverage on A.T. Cross Company (NASDAQ: ATX) with a Buy. PT $20.00.
Growth and operating margin opportunities provides upside, analyst Ronald Bookbinder said. The analyst sees the company expanding with its sunglass
brands, leading to years of revenue growth. The entrance into prescription and high technology sunglasses also provides a revenue driver.
"Given the solid balance sheet, cash flow, profitability, and management's improving execution, we believe shares should trade at a higher multiple," the analyst added.
For an analyst ratings summary and ratings history on A.T. Cross Company click here. For more ratings news on A.T. Cross Company click here.
Shares of A.T. Cross Company closed at $16.79 yesterday.
Growth and operating margin opportunities provides upside, analyst Ronald Bookbinder said. The analyst sees the company expanding with its sunglass
brands, leading to years of revenue growth. The entrance into prescription and high technology sunglasses also provides a revenue driver.
"Given the solid balance sheet, cash flow, profitability, and management's improving execution, we believe shares should trade at a higher multiple," the analyst added.
For an analyst ratings summary and ratings history on A.T. Cross Company click here. For more ratings news on A.T. Cross Company click here.
Shares of A.T. Cross Company closed at $16.79 yesterday.
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