Pier 1 Imports, Inc. (PIR) Misses Q2 EPS by 2c; Cuts FY13 Outlook
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Go back to Pier 1 Imports, Inc. (PIR) Misses Q2 EPS by 2c; Cuts FY13 Outlook
September 20, 2013 9:02 AM EDT
Jefferies maintains Pier 1 Imports (NYSE: PIR) at Buy with price target of $28 following quarterly results released earlier in the week.
Analyst John Marrin commented that shares of Pier 1 could see some pressure, but find support in the low-$20 range until the market refocuses on longer-term initiatives which should be able to drive sales growth and margin expansion for the retailer.
Key themes that remain intact for Pier 1 include:the burgeoning e-commerce business;
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September 20, 2013 6:49 AM EDT
Credit Suisse upgraded Pier 1 Imports (NYSE: PIR) from Neutral to Outperform.
For an analyst ratings summary and ratings history on Pier 1 Imports click here. For more ratings news on Pier 1 Imports click here.
Shares of Pier 1 Imports closed at $20.33 yesterday, with a 52 week range of $18.05-$25.29.... More
