UPDATE: Topeka Capital Markets Initiates Coverage On ValueVision Media On Great Growth Potential

In a report published Wednesday, Topeka Capital Markets analyst Victor Anthony initiated coverage on ValueVision Media Inc VVTV with a Buy rating and $7.00 price target. In the report, Topeka Capital Markets noted, “We are initiating coverage of ValueVision Media, the number three video commerce company in the U.S., with a Buy rating and $7.00 price target. After years of stagnation, ValueVision is on the cusp of a turnaround led by a new CEO and several new board members. We see enormous potential to drive both revenue and EBITDA growth, and ultimately equity value, through an improving product mix and better programming. Investors are presented with an opportunity to own shares of a small capitalization video commerce business at a reasonable multiple relative to growth and at attractive risk-reward levels.” ValueVision Media Inc closed on Tuesday at $5.45.