Kirkland's weakness a buying opportunity, says Piper Jaffray Piper Jaffray recommends buying Kirkland on weakness and said it remains a great small cap growth story. The analyst said management indicated comps are tracking positive with strong conversion and traffic is basically flat for August. Long-term, the firm believes Kirkland is well positioned for grow operating margins and reiterates its Overweight rating.
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.