In the past several months, Wild Oats Market (Nasdaq:OATS) has been upgraded to “buy” by numerous analysts that project the long-awaited turn-around the company is here.
Lately, same-store sales have been growing faster than expected. RBC Capital Market upgraded the company from sector perform to outperform. Analyst Edward Aaron also raised his 12-month stock price target to from $11 to $15, his 2005 earnings estimate from breakeven to 3 cents a share and his 2006 forecast from 15 cents to 30 cents a share. He believes second-quarter same-store sales growth could top forecasts of 3% to 4%.
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