Conn's raises FY13 adjusted EPS view to $1.55-$1.60, consensus $1.53 Guidance includes: SSS up 13%-16%, new store openings of 5, retail gross margin 34.5%-35%.
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Conn's price target raised to $57 from $50 at Stifel Stifel increased its price target on Conn's as the firm expects the stock to rise as investors become more comfortable with the company's credit strategy, and more aware of its square footage growth opportunity. The firm expects the company's revenue to compound around or above 20% for the next five years and it keeps a Buy rating on the stock.
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