Benchmark Starts Pep Boys - Manny, Moe & Jack (PBY) at Buy; Shares Have Upside Potential, Given Growth & Operating Margin
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Price: $25.00 --0%
Rating Summary:
3 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 15 | Down: 13 | New: 16
Rating Summary:
3 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 15 | Down: 13 | New: 16
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Benchmark initiates coverage on Pep Boys - Manny, Moe & Jack (NYSE: PBY) with a Buy. PT $14.00.
Benchmark analyst says, "We believe over the next couple years, Pep Boys could continue to improve and expand its store base, which could lead to years of revenue growth and leverage of its existing national infrastructure. Through focusing on maintenance service, we expect that the Company should be able to differentiate itself in the market and benefit from the aging of the American automotive fleet. We believe this focus on service could be a sustainable comp drive for years to come. Through increasing the density of the store footprint, re-engineering the store design, we believe the Company should be able to leverage costs. Given the solid balance sheet, cash flow, profitability, and management’s improved execution, we believe the shares should be trading at a higher multiple, although still at a discount to its peers given the ongoing turnaround and the associated execution risk."
For an analyst ratings summary and ratings history on Pep Boys - Manny, Moe & Jack click here. For more ratings news on Pep Boys - Manny, Moe & Jack click here.
Shares of Pep Boys - Manny, Moe & Jack closed at $11.09 yesterday.
Benchmark analyst says, "We believe over the next couple years, Pep Boys could continue to improve and expand its store base, which could lead to years of revenue growth and leverage of its existing national infrastructure. Through focusing on maintenance service, we expect that the Company should be able to differentiate itself in the market and benefit from the aging of the American automotive fleet. We believe this focus on service could be a sustainable comp drive for years to come. Through increasing the density of the store footprint, re-engineering the store design, we believe the Company should be able to leverage costs. Given the solid balance sheet, cash flow, profitability, and management’s improved execution, we believe the shares should be trading at a higher multiple, although still at a discount to its peers given the ongoing turnaround and the associated execution risk."
For an analyst ratings summary and ratings history on Pep Boys - Manny, Moe & Jack click here. For more ratings news on Pep Boys - Manny, Moe & Jack click here.
Shares of Pep Boys - Manny, Moe & Jack closed at $11.09 yesterday.
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