Market Overview

UPDATE: Goldman Sachs Initiates Tilly's at Buy on Valuation, Execution

Related TLYS
Mid-Day Gainers From December 4: Tilly's, Hawaiian Electric Industries, Enbridge, Pacific Sunwear, Avago Technologies
Morning Market Movers

Goldman Sachs initiated coverage on Tilly's (NYSE: TLYS) with a Buy rating and an $18 price target.

Goldman Sachs said, "Tilly's is setting the pace in disruptive retail by combining the cool vibe of action sports with the supply chain capability of a fast fashion. We see multi-year upside potential as its unique brand and superior execution is unfurled, with solid sales growth from store expansions alone. We think TLYS is the most mis-priced stock in our universe, trading sub-14X 2013 P/E despite a growth runway that supports valuation 50% fuller. We initiate with a Buy and 33% upside to our six-month price target of $18."

Tilly's closed at $13.50 on Monday.

Latest Ratings for TLYS

DateFirmActionFromTo
Nov 2014Brean CapitalInitiates Coverage onHold
Nov 2014Stifel NicolausDowngradesBuyHold
Jun 2014B RileyDowngradesBuyNeutral

View More Analyst Ratings for TLYS
View the Latest Analyst Ratings

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

 

Related Articles (TLYS)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Benzinga Professional