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Fly News Breaks for April 24, 2019
Apr 24, 2019 | 08:52 EDT
Morgan Stanley analyst Simeon Gutman said he believes At Home Group (HOME) can drive meaningful share gains with its superior value proposition of the lowest prices, a wide assortment and high levels of in-stock inventory. Over the next ten years, he estimates At Home could double its market share and triple its revenue, highlighting Pier 1 Imports (PIR) as one of "many" potential share donor, stating that his analysis suggests At Home could capture greater than $110M in sales from Pier 1 over the next ten years. Gutman keeps an Overweight rating and $30 price target on At Home shares.
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