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UPDATE: Goldman Sachs Initiates Tumi Holdings at Buy on Secular Strength

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Goldman Sachs initiated coverage on Tumi Holdings (NYSE: TUMI) with a Conviction List Buy rating and a $30 price target.

Goldman Sachs commented, "TUMI sits at the intersection of a number of positive investment themes. First, it is a beneficiary of favorable product cycles in both accessories and men's categories. Second, it is executing a powerful distribution upgrade as it builds out owned-retail stores in North America. Third, product and in-store execution has been solid. Finally, TUMI is uniquely exposed in our coverage to international growth opportunities over the long term."

Tumi Holdings closed at $21.70 on Monday.

Latest Ratings for TUMI

DateFirmActionFromTo
Feb 2015Stephens & Co.DowngradesOverweightEqual-weight
Jan 2015Credit SuisseDowngradesOutperformNeutral
Dec 2014Goldman SachsDowngradesBuyNeutral

View More Analyst Ratings for TUMI
View the Latest Analyst Ratings

Posted-In: Goldman SachsAnalyst Color Initiation Pre-Market Outlook Analyst Ratings

 

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