Analysts Conflicted on These Services Names: Pier 1 Imports (NYSE: PIR) and Fogo De Chao (NASDAQ: FOGO)

By Jason Carr

Analysts have been eager to weigh in on the Services sector with new ratings on Pier 1 Imports (NYSE: PIR) and Fogo De Chao (NASDAQ: FOGO).

Pier 1 Imports (NYSE: PIR)

Jefferies analyst Daniel Binder reiterated a Hold rating on Pier 1 Imports (NYSE: PIR) on March 14 and set a price target of $7.25. The company’s shares closed yesterday at $6.90.

According to TipRanks.com, Binder is a 4-star analyst with an average return of 3.4% and a 61.4% success rate. Binder covers the Services sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, United Stationers Inc, and Container Store Group.

Currently, the analyst consensus on Pier 1 Imports is Moderate Buy and the average price target is $7.25, representing a 5.1% upside.

In a report issued on March 7, Wedbush also maintained a Hold rating on the stock with a $8 price target.
Fogo De Chao (NASDAQ: FOGO)

In a report issued on March 14, Andy Barish from Jefferies reiterated a Buy rating on Fogo De Chao (NASDAQ: FOGO), with a price target of $17. The company’s shares closed yesterday at $14.60.

According to TipRanks.com, Barish is a 4-star analyst with an average return of 6.3% and a 52.9% success rate. Barish covers the Services sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, Papa John’s International, and Popeyes Louisiana Kitchen.

Fogo De Chao has an analyst consensus of Moderate Buy, with a price target consensus of $15.50.

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