Johnson Outdoors (JOUT) PT Raised to $63 at Imperial Capital on 3Q Beat; Fishing & Driving Segments Fuel Performance
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Price: $46.91 -0.32%
Rating Summary:
3 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 14 | Down: 24 | New: 9
Rating Summary:
3 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 14 | Down: 24 | New: 9
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Imperial Capital raised its price target on Johnson Outdoors (NASDAQ: JOUT) to $63.00 (from $49.00) while maintaining a Outperform rating, following the company's third quarter earnings report.
Analyst George Kelly notes the company delivered third quarter earnings per share and revenue results above consensus driven by fueled by new products from Minn Kota & Humminbird in the Fishing segment, up 18%, while the Driving segment grew 17% due to 2 new products as well.
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