Wunderlich Securities Expects Solid 2Q Results From Cherokee Inc

In a report published Monday, Wunderlich Securities analyst Eric Beder reiterated a Buy rating and $21.00 price target on Cherokee Inc CHKE. In the report, Wunderlich Securities noted, “We are reiterating our $21 price target, Buy rating, and estimates for Cherokee (CHKE) with the company closing out our 2QFY15 (July) earnings season on Thursday after the close. We expect management to achieve or slightly beat our 2Q projections and to be positive on a number of fronts, from the potential for further acquisitions, additional licenses for the recently completed Tony Hawk deal, the expansion of the Cherokee brand at Target, and the potential for Cherokee to begin to leverage their DTR driven business model to drive higher margins. We remain buyers of CHKE.” Cherokee closed on Friday at $18.06.