Pier 1 Imports (PIR) Tops Q3 EPS by 2c; Cuts FY16 Outlook
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Wedbush Cuts Price Target on Pier 1 Imports (PIR) to $4 Following a Weak 3Q
December 17, 2015 8:40 AM ESTWedbush maintained a Neutral rating on Pier 1 Imports (NYSE: PIR), and cut the price target to $4.00 (from $8.00), following the company's 3Q earnings report. Comps declined 0.7% vs. our slightly positive view and consensus 2.2%, driven by an estimated 7% decline of in-store POS sales and 26% growth in e-commerce sales... More
Deutsche Bank Downgrades Pier 1 Imports (PIR) to Sell
December 17, 2015 6:57 AM ESTDeutsche Bank downgraded Pier 1 Imports (NYSE: PIR) from Hold to Sell with a price target of $3.50. Analyst Adam Sindler called Q3 results troubling.
"While PIR made EPS, sales and comps turned negative in the quarter which is a major red flag in our view.... More
