Tile Shop price target lowered to $24 from $30 at RW Baird Baird lowered its price target on Tile Shop following meetings with management. The firm cited concerns over internal controls and lingering uncertainties that will impair its valuation multiple. Baird feels its fundamental story remains intact so maintains its Outperform rating.
Piper reiterates Overweight on Tile Shop after management meetings After meeting with Tile Shop management, Piper Jaffray says it has increased confidence in the margin structure and growth outlook for the company. Piper says it also gained a better understanding over the role of export trading agency Beijing Pingxiu, which it notes was incorrectly labeled as a supplier in a third party report last week. The firm reiterates an Overweight rating on Tile Shop with a $30 price target.