UPDATE: Imperial Capital Initiates EveryWare Global at Outperform on Good Market Position

In a report published Tuesday, Imperial Capital analyst Lee J. Giordano initiated coverage on EveryWare Global EVRY with an Outperform rating and $15.00 price target.

In the report, Imperial Capital noted, “We are initiating coverage of EveryWare Global Inc. with an Outperform rating and a one-year price target of $15, about 21% above the recent share price. Following the combination of two leading tableware brands, Oneida and Anchor Hocking, we believe EveryWare is well positioned for global growth and improved profitability in the coming years. EveryWare's ability to offer a full tabletop solution to customers serves as a point of differentiation and provides a competitive advantage, in our view.”

EveryWare Global closed on Monday at $12.35.