Gilford Securities Reiterates Buy Rating on Dreams Inc. (DRJ)

Gilford Securities is out with a research report this afternoon, where it reiterates its Buy rating on Dreams Inc.

; it has a $2.74 price target on the stock. The GS analysts said that they, based on DRJ's recent earnings report, it looks like gross margins are improving, though the company still needs to work on lowering operating expenses. Revenues increased 30% year over year. Although the analysts have adjusted their estimates, they still continue to see minor losses in Q1 and Q2 of 2011, though see a positive earnings breakthrough in Q3 of next year.