Market Overview

UPDATE: Benchmark Upgrades Pep Boys to Buy on Improving Environment

Related PBY
It's 13F Season: All Of Carl Icahn's Positions
How To Invest In The Global Shopping Explosion With The 'Retail Therapy' ETF

Benchmark raised its rating on Pep Boys (NYSE: PBY) from Hold to Buy and increased its price target from $10 to $12.

Benchmark said, "We believe an improving tire profit environment and a possible debt refinance could provide catalysts for earnings improvement, despite weakness on discretionary items. We believe the tire profit margin environment has started to show improvement with further improvement coming in Q4. The balance sheet is strong, as the Company builds cash to pay down and refinance debt."

Pep Boys closed at $9.85 on Thursday.

Latest Ratings for PBY

Nov 2015Argus Capital DowngradesBuySell
Oct 2015BB&T CapitalDowngradesHoldUnderweight
Sep 2015JefferiesInitiates Coverage onHold

View More Analyst Ratings for PBY
View the Latest Analyst Ratings

Posted-In: BenchmarkAnalyst Color Upgrades Intraday Update Analyst Ratings


Related Articles (PBY)

View Comments and Join the Discussion!