Market Overview

UPDATE: HSN Coverage Initiated by UBS

Related HSNI
8 Biggest Mid-Day Losers For Monday
Worst Performing Industries For October 10, 2016

In a UBS report released Monday, analyst Eric Sheridan starts coverage on HSN (NASDAQ: HSNI), initiating a Buy rating with a price target of $70.

The report notes, "Specifically, we believe HSNI's strong management team is laser focused on transforming the business into a power in domestic omnichannel commerce via strategic investments. Additionally, we believe HSNi has the ability to expand margins, increase FCF, & deliver consistent shareholder returns (M&A, buybacks, dividends) over the coming years."

The industry outlook for eCommerce is optimistically driven by consumer retail migrating to online platforms for its convenience and accessibility. UBD expects HSN to capitalize on this trend and expand their profit margins and growth.

HSNI closed last trading session at $57.89 and opened back up at 58.59. The price target expresses a 16% upside from current prices.

Latest Ratings for HSNI

Oct 2016Craig-HallumDowngradesBuyHold
Oct 2016CitigroupDowngradesBuyHold
Sep 2016Bank of AmericaInitiates Coverage onUnderperform

View More Analyst Ratings for HSNI
View the Latest Analyst Ratings

Posted-In: Price Target Initiation Analyst Ratings


Related Articles (HSNI)

View Comments and Join the Discussion!