Market Overview

UPDATE: Jefferies Raises PT on Pier 1 Imports Loyalty Program-Driven Success

Share:
Related PIR
Is An Early Easter Bad News For Retailers?
Oppenheimer Upgrades Pier 1 Imports To Outperform

In a report published Monday, Jefferies analyst John Marrin reiterated a Buy rating on Pier 1 Imports (NYSE: PIR), and raised the price target from $25.00 to $28.00.

In the report, Marrin noted, “Sales growth will continue to outperform consensus in the coming years as the loyalty program drives incremental spending along with e-com and the initiative to expand the assortment. Overblown concerns around GM and elevated SG&A have kept these shares from getting out too far ahead, but after PIR guides FY14 EPS to consensus in mid-April, we see a round of beats and raises pushing these shares higher over the next 12 months.”

Pier 1 Imports closed on Friday at $22.79.

Latest Ratings for PIR

DateFirmActionFromTo
Apr 2015Morgan StanleyDowngradesEqual-weightUnderweight
Mar 2015OppenheimerUpgradesMarket PerformOutperform
Feb 2015Deutsche BankMaintainsHold

View More Analyst Ratings for PIR
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Price Target Analyst Ratings

 

Related Articles (PIR)

Around the Web, We're Loving...