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

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UPDATE: Brean Capital Upgrades Tilly's As Q3 And QTD Q4 Results Suggest Turnaround Is Underway

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
Jan 2015Brean CapitalUpgradesHoldBuy
Jan 2015B RileyUpgradesNeutralBuy
Nov 2014Brean CapitalInitiates Coverage onHold

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View the Latest Analyst Ratings

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

 

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