Piper Jaffray Raises Cabela's PT To $35, Reiterates Overweight (CAB)

Piper Jaffray raised its Cabela's CAB price target from $29 to $35 and reiterated Cabela's Overweight rating in a research report published today. In the report, Piper Jaffray states, "We believe continued strong sales trends, merchandise margin expansion and improving credit metrics should drive strong results into F11." Shares of Cabela's were at $30.94 in pre-market trading at the time of posting, down 0.80% from Thursday's market close.