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UPDATE: Piper Jaffray Lowers PT on Big 5 Sporting Goods (BGFV)

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Piper Jaffray is out with its report on Big 5 Sporting Goods (NASDAQ: BGFV), lowering its PT from $14 to $13.

In a note to clients, Piper Jaffray writes, "We maintain our Neutral rating but are lowering our PT from $14 to $13 based on 12x (unchanged) our F11E EPS of $1.05. Risk factors include geographic concentration of stores, competition, financial leverage, weather, and general economic conditions."

Shares of BGFV closed Wednesday at $12.26.

Posted-In: Big 5 Sporting Goods Piper JaffrayAnalyst Color Price Target Analyst Ratings

 

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