Information Provided By:
Fly News Breaks for October 5, 2018
TTS
Oct 5, 2018 | 06:12 EDT
Loop Capital analyst Anthony Chukumba lowered his price target on on Tile Shop to $7 and kept his Hold rating ahead of its earnings on October 18th, saying he is less optimistic about its profitability forecasts than the Street with a Q3 EPS view 2c below consensus. The analyst notes that the worsening investor sentiment is driven by the "weakening US existing home sales and growing concern about the ongoing consumer shift to luxury vinyl tile", but adds that he would be more positive on the stock if it shows sequential improvement in comps and "encouraging" progress in its strategic initiatives process.
News For TTS From the Last 2 Days
There are no results for your query TTS