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UPDATE: Citigroup Initiates Tile Shop Holdings at Buy on Housing Strength

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Citigroup initiated coverage on Tile Shop Holdings (NASDAQ: TTS) with a Buy rating and a $22.00 price target.

Citigroup noted, "We are initiating coverage of The Tile Shop with a Buy rating and $22 target price. We think the story benefits from an: 1) improving housing cycle; 2) a proprietary business model which differentiates it from competitors; 3) a strong product offering; 4) a legitimate square footage growth story (~25% increase per year)."

Tile Shop Holdings closed at $17.67 on Friday.

Latest Ratings for TTS

DateFirmActionFromTo
Aug 2016CitigroupMaintainsNeutral
Jul 2016CitigroupMaintainsNeutral
Apr 2016Northland Initiates Coverage onOutperform

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Posted-In: CitigroupAnalyst Color Initiation Analyst Ratings

 

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