Market Overview

Deutsche Bank Reiterates Buy Rating, $25 PT on Pier 1 Imports

Share:
Related PIR
Loop Capital: Any Guidance Cut Related Weakness In Five Below Presents Buying Opportunity
Best Buy, Five Below, Pier 1: 3 Of Loop's Favorites In Specialty Hardlines Retail Sector
Dragon Of The Market - Small Cap Stocks Breathe Fire! (Seeking Alpha)

In a report published Wednesday, Deutsche Bank reiterated its Buy rating and $25.00 price target on Pier 1 Imports (NYSE: PIR).

Deutsche Bank noted, “As part of our roll-out, we discussed the recent industry strength as a significant recent driver of comp strength for PIR, and the potential headwinds that could pose going forward. Upon further review we in fact believe that the recent industry trends are just the start of a recovery from peak spending, as both total dollars and sales per capita have declined well below peak as compared to every other channel reported in the monthly government NAICS results. This further supports our Buy rating, especially considering PIR's very low market share.”

Pier 1 Imports closed on Tuesday at $19.91.

Latest Ratings for PIR

DateFirmActionFromTo
Jan 2017Loop CapitalInitiates Coverage OnBuy
Dec 2016Johnson RiceUpgradesHoldAccumulate
Sep 2016JefferiesMaintainsHold

View More Analyst Ratings for PIR
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Reiteration Analyst Ratings

 

Related Articles (PIR)

View Comments and Join the Discussion!