Piper Jaffray Reiterates Overweight Rating On Coldwater Creek (CWTR)

Piper Jaffray reiterated their Overweight rating on shares of Coldwater Creek CWTR this morning. The firm's analysts wrote "we are reiterating our Overweight rating on CWTR shares as we view the company, relative to our broader specialty coverage, as one of the more compelling recovery stories given the magnitude of upside potential to consensus estimates." The firm has a price target of $11.00 on the stock. During the current trading session, CWTR has plummeted 13.80% to $5.11. The company reported earnings after the closing bell yesterday, beating analysts' estimates. CWTR reported EPS of $0.03 compared to expectations of an EPS loss of $0.04. Despite the better than expected top line numbers, the stock is getting sold off hard today.