Piper Jaffray Maintains Neutral Rating and $1.50 PT on Coldwater Creek

A report from Piper Jaffray reiterates its Neutral rating and $1.50 price target on Coldwater Creek

. The report states, “We are reiterating our Neutral rating on CWTR shares following Coldwater Creek's FQ3 earnings report. It appears that sales trends improved meaningfully in November, with traffic starting to show improvement after plaguing the top line all year.” CWTR closed yesterday at $.86.