Market Overview

UPDATE: Ascendiant Capital Initiates Coldwater Creek with Buy on Positive Key Changes

Related CWTR
Stocks Hitting 52-Week Lows
Stocks To Watch For December 12, 2013

In a report published Friday, Ascendiant Capital analyst Elizabeth Pierce initiated coverage on Coldwater Creek (NASDAQ: CWTR) with a Buy rating and $4.00 price target.

In the report, Pierce noted, “We believe recent results mask the underlying changes taking place at Coldwater that position it for a brighter future. Key changes include new leadership, a more disciplined merchandise strategy, a real estate optimization program and strict expense control. Moreover, the company's target customers represent a compelling demographic base that has largely been underserved by the retail community. Accordingly, we believe the stage is set for meaningful top and bottom line growth.”

Coldwater Creek closed on Thursday at $3.49.

Latest Ratings for CWTR

Sep 2013Ascendiant CapitalDowngradesBuyNeutral
Sep 2013PiperJaffrayDowngradesOverweightNeutral
Jun 2013B. RileyDowngradesBuyNeutral

View More Analyst Ratings for CWTR
View the Latest Analyst Ratings

Posted-In: Ascendiant CapitalAnalyst Color Initiation Analyst Ratings


Related Articles (CWTR)

View Comments and Join the Discussion!