Pier 1 Imports, Inc. Announces Management Transition

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Go back to Pier 1 Imports, Inc. Announces Management Transition

Jefferies Cuts Price Target on Pier 1 Imports (PIR) Following 2Q Pre-Announcement

September 8, 2016 7:53 AM EDT

Jefferies maintained a Hold rating on Pier 1 Imports (NYSE: PIR), and cut the price target to $4.25 (from $5.25), following the company's 2Q pre-announcement. Management pre-announced a Q2 comp and EPS miss, now expecting same store sales to be down 4.3% compared to the Street... More