In a report published on Monday, Piper Jaffray analyst Peter J. Keith raised the price target on Tile Shop TTS from $29 to $33 and maintained a rating of Overweight on the company.
In the report, Piper Jaffray stated, "While no new information was discussed in regards to Q2, our own industry work continues to suggest that trends have strengthened in Q2 vs. healthy growth in Q1. With the stock up >75% year-to-date, we would not be surprised to see shares take a slight pause ahead of earnings. That said, we remain quite bullish on the growth opportunity and management's ability to execute in 2H13 and the coming years."
Tile Shop closed on Friday at $29.67.
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