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Fly News Breaks for September 24, 2019
SPWH
Sep 24, 2019 | 06:05 EDT
Following investor meetings with management, Piper Jaffray analyst Peter Keith reiterates an Overweight rating on Sportsman's Warehouse with a $7 price target. Afer 18 months of investment activity, the company is now poised for a "notable positive growth inflection" in business fundamentals over the next 18 months due to a "dramatically improving" competitive landscape, its omni-channel initiatives launching in 2019, and re-acceleration to store growth in 2020, Keith tells investors in a research note. The analyst, who sees a "clear path" to mid-teens earnings growth, believes Sportsman's Warehouse's valuation is "extremely attractive" at current levels.
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