Piper Jaffray Maintains Neutral Rating, $24 PT On CAB

Yesterday afternoon, Cabela's Inc.

management presented at ICR's Investor Conference, Piper Jaffray reports. “Although no major updates on the quarter were revealed, we learned more about how CAB segments its customer base and some further understanding on retail expansion plans,” Piper Jaffray writes. “We continue to maintain our Neutral rating and $24 PT based on valuation.” Cabela's Inc. closed Wednesday at $22.33.