Costco Wholesale Corporation (NASDAQ:COST): Stifel Nicolaus increased their target on Costco as the firm believes that the company has easy gross margin comparisons and will benefit from ramping inflation. The firm expects the company’s September comps to beat expectations and they maintain a Buy rating on their shares.
MICROS Systems, Inc. (NASDAQ:MCRS): Needham views the recent underperformance of Micros Systems, Inc.’s shares as a buying opportunity. The firm believes the current risk/reward on shares is attractive and calls Micros a high conviction idea with a $70 price target.
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Gordmans Stores, Inc. (NASDAQ:GMAN): After meeting with Gordmans Stores, Inc.’s management, Stifel Nicolaus reported that the company’s traffic in all of their markets remains weak. However, it is expected that the company will rebound beginning in the fourth quarter. The firm lowered the target on their shares from $24 to $20 but reiterates a Buy rating.
Lumber Liquidators Holdings, Inc. (NYSE:LL): Off Wall Street Research made cautious comments regarding Lumber Liquidators Holdings, Inc.’s comps, poor flooring installations, competition, and valuation.
Clarus Corp. (NASDAQ:BDE): DA Davidson believes that Black Diamond’s acquisition of Pieps appears to be highly synergistic and favorable to their gross margin mix. The firm thinks that Black Diamond’s new products have growth potential and they reiterate a Buy rating on the stock.
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