Roth Capital Maintains Buy On Performance Sports Group, $20 PT
In a research report today, Roth Capital analyst Dave King maintained a Buy rating on Performance Sports Group (NYSE:PSG) with a price target of $20.00.
King said, “We came away from this year’s Momentum event encouraged by strong retailer attendance, continued product innovation, and opportunities for significant growth in PSG’s recently-acquired Easton business. We saw more evidence of the company’s R&D leadership and the potential for synergies across sports equipment categories and see this as the most underappreciated part of the story . We continue to like PSG for its leading brands, strong management team, and high-growth lacrosse business.”
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Dave King has a total average return of -2.1% and a 34.2% success rate. King is ranked #2767 out of 3314 analysts.