New Price Target on Interline Brands By Baird (IBI)
February 22, 2010 9:24 AM
A new price target of $21 per share has been issued on Interline Brands Inc. (NYSE: IBI). Shares of the company closed at $17.86 on Friday and have a 52 week range between $6.34 and $18.69. Interline Brands Inc. (NYSE: IBI) operates as a distributor and direct marketer of maintenance, repair, and operations products in the United States, Canada, and Central America.
The analyst, David J. Manthey, CFA, maintains a Neutral rating on the company. Mr. Manthey said, "IBI continues to execute well on previously announced operational initiatives (distribution network rationalization, selling margin improvement), which appear to be gaining momentum. Importantly, other distribution network rationalization projects are also being considered for 2010."
