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UPDATE: Piper Jaffray Upgrades Gordmans Stores on Promising Earnings Gains

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In a report published on Friday, Piper Jaffray analyst Neely Tamminga upgraded Gordmans Stores (NASDAQ: GMAN) from Neutral to Overweight, and raised the price target from $13.00 to $14.00.

In the report, Piper Jaffray noted, "Having spent some one-on-one time with the executive leadership team at Gordmans during the first quarter, we have fresh insights (many of which were highlighted on their first-quarter conference call) as to the how and why Gordmans can succeed in turning sales back into positive territory and move year-overyear declines into year-over-year gains in earnings. The anchor to GMAN's success will likely be traced back to the handful of talent additions and promotions made by President & CEO Jeff Gordman."

Gordmans Stores closed on Thursday at $12.56.

Latest Ratings for GMAN

DateFirmActionFromTo
Mar 2016DowngradesOverweightNeutral
Sep 2014DowngradesBuyHold
Aug 2014MaintainsBuy

View More Analyst Ratings for GMAN
View the Latest Analyst Ratings

Posted-In: Neely Tamminga Piper JaffrayAnalyst Color Upgrades Price Target Analyst Ratings

 

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