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 downgraded to Neutral from Overweight at Piper Jaffray Piper Jaffray downgraded Kirkland's to Neutral saying the company's sales in Texas, which represent 19% of the store base, may be weak amid declining oil prices. Piper keeps a $24 price target for shares.