- Benchmark analyst John Lawrence initiated coverage of Kirkland's Inc KIRK with a Buy rating and $30 price target, suggesting a 31% upside.
- Lawrence said the specialty home decor retailer "represents a solid turnaround story."
- The analyst thinks the improving gross margin profile and cost structure support management's target to reach high-single-digit operating margins in one to two years and that achieving this plan should be a "significant catalyst for the shares."
- Price Action: KIRK shares are trading higher by 2.51% at $22.88 on the last check Friday.
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