Analysts: Pier 1 Imports Projected to Hold Up Well and 3 Other Research Notes to Peruse

Pier 1 Imports (NYSE:PIR): Argus views the recent pullback in shares of Pier 1 Imports as providing an attractive entry point and reiterates a Buy rating on the stock. The firm believes that Pier 1 should hold up well in a promotional and competitive environment, and has a $27 price target for the shares.

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Rockwell Collins (NYSE:COL): Wells Fargo downgraded Rockwell Collins to Market Perform from Outperform, citing dilution from the ARINC acquisition and a slow recovery for business and regional jets. Wells Fargo lowered its price target range for shares to $73-$75 from $75-$77.

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Tesoro (NYSE:TSO): UBS believes that weakness in Tesoro related to third quarter concerns is overdone and provides an opportunity ahead of improving free cash flow and catalysts. Shares are rated Buy with a $66 price target.

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CGI Group (NYSE:GIB): Deutsche Bank downgraded CGI Group from Hold to Sell, saying that the company’s aggressive accounting has driven much of the reported margin improvement. The firm says that CGI’s top line growth is weak and lowered its price target for shares to $24 from $32.

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