Kirkland's CEO Robert Alderson takes temporary medical leave of absence Kirkland's announced that Robert Alderson, the company’s President and CEO, will take a temporary medical leave of absence, effective November 26. Mike Madden, the company’s Senior Vice President and CFO, will assume the additional responsibilities of acting President and CEO in Mr. Alderson’s absence. The company fully expects Mr. Alderson to resume his duties as President and CEO after an approximate 6- to 8-week recovery period from a non-emergency medical procedure.
Kirkland's upgraded to Overweight from Neutral at Piper Jaffray Piper Jaffray upgraded Kirkland's to Overweight with a $27 price target saying spending in Texas looks healthy and is not yet a threat to the company. Piper believes the company's growth story is intact and raised its price target for shares to $27 from $26.