Piper Jaffray Reiterates Neutral Rating On Coldwater Creek

Piper Jaffray is reiterating its Neutral rating on Coldwater Creek, Inc. CWTR shares following the company's FQ3 report. “The company had already pre-released worse than expected results on 10/18/10, so there were no surprises in the quarter's numbers,” Piper Jaffray writes. “It appears that November was a challenging month for Coldwater Creek, and we expect that conditions will remain difficult throughout the holiday season for retailers targeting a moderate income consumer.” Coldwater Creek closed Thursday at $3.44.