Piper Jaffray Starts Sportsman's Warehouse (SPWH) at Overweight

Piper Jaffray initiates coverage on recent IPO Sportsman's Warehouse (NASDAQ: SPWH) with an Overweight rating and a price target of $14.00.

Analyst Sean P. Naughton said, "We like shares of Sportsman's Warehouse as the company focuses on smaller towns, lower price points on like items versus competitors and consumable products in order to drive consistent repeat traffic. In addition, lower capital requirements on new stores and a rapid payback make this concept attractive for growth oriented investors."

For an analyst ratings summary and ratings history on Sportsman's Warehouse click here. For more ratings news on Sportsman's Warehouse click here.

Shares of Sportsman's Warehouse closed at $10.10 yesterday.

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