Pier 1 Imports (PIR): Margin Recovery Overshadowed By Weak Comps - Guggenheim
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Jefferies Raises price Target on Pier 1 Imports (PIR) Following 2Q Report
September 29, 2016 8:49 AM EDTJefferies reiterated a Hold rating on Pier 1 Imports (NYSE: PIR), and raised the price target to $4.50 (from $4.25), following the company's 2Q earnings report. Merchandise margins were in line with guidance on a more balanced promotional posture and improved distribution center efficiency.
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