Piper Jaffray is out with its report today on Kirkland's KIRK, upgrading KIRK from Neutral to Overweight.
In its report, Piper Jaffray writes, "We are upgrading KIRK from Neutral to Overweight and raising our PT from $10
to $16 following updated FQ3 guidance. Kirkland's continues to demonstrate its ability to execute despite concerns about a struggling consumer, and management
now expects to report a profit in FQ3 versus our prior estimate of a loss."
Shares of KIRK closed Thursday at $11.46, up 1.87% from Wednesday's close.
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