Imperial Capital Starts Black Diamond (BDE) at In-Line

Imperial Capital initiates coverage on Black Diamond (NASDAQ: BDE) with a In-Line rating and a price target of $8.00.

Analyst John O'Neil commented, "Black Diamond is in the middle of a strategic "pivot" in which management has changed the direction of the company and plans to increase investment to accelerate growth with its apparel, omni-channel retail, and direct to consumer initiatives. As part of this plan, the company strengthened its balance sheet by divesting its Gregory Mountain Products line of back-packs and gear in July and hired Zeena Freeman to the new role of President, adding a marketing and retail executive to support the company’s new initiatives and a successor to replace Peter Metcalf as CEO in 2015."

For an analyst ratings summary and ratings history on Black Diamond click here. For more ratings news on Black Diamond click here.

Shares of Black Diamond closed at $7.95 yesterday.

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