UPDATE: Piper Jaffray Upgrades Citi Trends to Neutral
According to Piper Jaffray, Citi Trends (NASDAQ: CTRN) is upgraded to Neutral.
Piper Jaffray said that it is upgrading shares of CTRN from Underweight to Neutral following better than expected FQ1 results. “We are raising our price target from $9 to $14 based on 12x FY14 EPS of $0.69 plus $6/share in cash and investments.”
Citi Trends closed yesterday at $14.15.
Latest Ratings for CTRN
|May 2016||SunTrust Robinson Humphrey||Maintains||Neutral|
|Apr 2016||Sidoti & Co.||Initiates Coverage on||Neutral|
|Feb 2016||MKM Partners||Downgrades||Buy||Neutral|
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.