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UPDATE: Oppenheimer Initiates EveryWare Global at Outperform on Good Market Position

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In a report published Tuesday, Oppenheimer analyst Joseph Altobello initiated coverage on EveryWare Global (NASDAQ: EVRY) with an Outperform rating and $14.00 price target.

In the report, Oppenheimer noted, “We are initiating coverage on EveryWare Global (EVRY) with an Outperform rating and $14 DCF-derived target price. Importantly, we believe EVRY's broad presence in the tabletop/food preparation industry across multiple categories/channels/price points, its recurring revenue model and strong customer relationships make it well positioned to pursue a number of meaningful growth opportunities, including geographic and channel expansion, augmented by M&A.”

EveryWare Global closed on Monday at $9.70.

Latest Ratings for EVRY

DateFirmActionFromTo
Feb 2014DowngradesOutperformPerform
Oct 2013MaintainsOutperform
Aug 2013MaintainsOutperform

View More Analyst Ratings for EVRY
View the Latest Analyst Ratings

Posted-In: Joseph Altobello OppenheimerAnalyst Color Initiation Analyst Ratings

 

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