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0 -0.000993048659384289 0.000973187686196649 0.0069513406156902 0.00496524329692162 0.00297914597815287 0.00480635551142015 0.000993048659384289
Stock impact report

Kirkland's stock sinks toward 10-year low after analyst cuts rating, slashed price target [MarketWatch]

Kirkland's, Inc. (KIRK) 
Last kirkland's, inc. earnings: 9/5 06:30 am Check Earnings Report
US:NASDAQ Investor Relations: ir.kirklands.com
Company Research Source: MarketWatch
Kirkland's stock sinks toward 10-year low after analyst cuts rating, slashed price target Shares of Kirkland's Inc. KIRK, -5.43% tumbled 5.6% toward a 10-year low in morning trade Wednesday, after the home decor retailer was downgraded at B. Riley FBR, citing increasing headwinds that will likely limit a profit recovery. Analyst Jeff Van Sinderen cut his rating to neutral, after being at buy since March 2017, and slashed his price target to $6.50 from $12.00. Van Sinderen now expects the company's turnaround initiatives will take longer to gain traction as a number of headwinds are intensifying: After an "OK" 2018, the broader home goods market "appears to have slowed substantially;" promotional levels have elevated because of the slowdown; and "the tariff picture has deteriorated" as the U.S.-China trade war intensifies. "Although KIRK has undertaken admirable turnaround initiatives, our sense is that in the current increasingly difficult environment, the company will need to acce Show less Read more
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