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Wedbush Maintains Outperform on Jamba

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Wedbush is out with its report today on Jamba (NASDAQ: JMBA), maintaining Outperform.

In its report, Wedbush writes, "Maintain OUTPERFORM rating and price target of $2.50. Given Jamba's rapidly improving SSS, expected rapid growth in franchise and licensing businesses, and strong brand name, we believe shares of JMBA should trade at an EV/2012E Sales ratio of 0.8x. This represents a 50% discount to the peer group average, given the numerous initiatives underway to return the company to profitability. Thus, using an EV/ 2012E Sales ratio of 0.8x, we generate our 12-month price target of $2.50."

At the time of posting, shares of JMBA were trading pre-market at $1.97, up 11.30% from Tuesday's close.

Posted-In: WedbushAnalyst Color Analyst Ratings

 

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