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UPDATE: Piper Jaffray Downgrades Tilly's to Neutral on Demand Maturation

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Piper Jaffray reduced its rating on Tilly's (NYSE: TLYS) from Overweight to Neutral and reduced its price target from $16 to $13.

Piper Jaffray said, "We are downgrading TLYS shares to Neutral based on a rapidly maturing industry backdrop, which has resulted in sales rate compression and ultimately may limit the total revenue opportunity and chain size for TLYS. In addition, we think competitive forces from Amazon create a dominant online competitor and alter the distribution structure of the industry. … If industry dynamics and channel shift further pressures sales growth over the next 2-3 years, a lower multiple may be justified."

Tilly's closed at $13.49 on Monday.

Latest Ratings for TLYS

DateFirmActionFromTo
Aug 2016B. RileyUpgradesNeutralBuy
Jan 2016GuggenheimInitiates Coverage onNeutral
Nov 2015B. RileyDowngradesBuyNeutral

View More Analyst Ratings for TLYS
View the Latest Analyst Ratings

Posted-In: Piper JaffrayAnalyst Color Downgrades Pre-Market Outlook Analyst Ratings

 

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