Cabela’s Inc. to Explore Strategic Alternatives
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December 2, 2015 4:49 PM EST
MKM Partners reiterated a Buy rating on Cabela's (NYSE: CAB), and raised the price target to $56.00 (from $45.00), as the company announced this morning that it was working with Guggenheim Securities to help it explore ways of driving further shareholder value. CAB has not set a time table for the review, and does not intend... More
December 2, 2015 6:30 AM EST
Cabela's (NYSE: CAB) announced that its Board of Directors is initiating a process to explore and evaluate a wide range of strategic alternatives to further enhance shareholder value.
We continue to believe that our Vision 2020 strategy will position Cabelas to be the worlds best omni-channel retailer, while driving improved performance in both revenue growth and profitability, said Tommy Millner, Cabelas Chief Executive Officer. That said, the Board is committed to taking actions to enhance value for shareholders and believes it is an appropriate time to explore... More
