Wunderlich Securities Believes New Product Expansion Should Drive Market Share Gains For Performance Sports Group Ltd.

In a report published Wednesday, Wunderlich Securities analyst Rommel Dionisio reiterated a Buy rating and $24.00 price target on

. In the report, Wunderlich Securities noted, “Given our expectations for PSG to deliver solid market share gains in the fast growing lacrosse industry as well as its newly acquired segment in baseball/softball, we believe shares of PSG should trade at 10.8x EV/2015E EBITDA multiple, which is derived by applying a current year peer group average multiple on next year's forecasted earnings.” Performance Sports Group Ltd. closed on Tuesday at $16.07.