Cost Plus, Inc. (NASDAQ: CPWM) is much less trafficked as a stock compared to its store. From having great internationally made and designed furniture deals to great international selections in food, wine, and beer, Cost Plus has managed to puts its woes from before and during the recession behind it. In many cases, it has the same draw (and risks) as Pier One Imports, Inc. (NYSE: PIR). This retailer has only a small handful of analysts covering the stock, so when an upgrade (or downgrade) comes it can skew the stock’s move.
Today’s big pop matters even with a 6.6% gain. BB&T Capital Markets upgraded the stock to Buy from Hold with a $15.00 price target. The implied gain was for upside of nearly 25% from Friday’s close. The stock is often volatile as it lost half its value from May to the fall’s selling climax of 2011… and its stock has doubled from its lows.
This is either the street high from analysts or matches it in the price targets. You might not be rewarded for chasing the uptick here, but now Cost Plus may be very attractive to purchase on pullbacks.
Essential Tips for Investing: Sponsored
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
