As previously reported, Morgan Stanley analyst Simeon Gutman upgraded At Home Group to Overweight from Equal Weight, stating that its new stores are ramping quicker than initially anticipated and he has increased confidence in the company's ability to generate high teens sales growth, and low- to mid-single comparable store sales growth. "We've been wrong and while we have missed an initial leg of this story's outperformance, we believe it still has a long way to go," Gutman tells investors in his note. He raised his price target on At Home Group shares to $47 from $35.