Craig-Hallum more bullish on Land’s End, upgrades to Buy

As previously reported, Craig-Hallum upgraded Land’s End to Buy from Hold with a price target of $15, up from $9, as the setup looks much better for the company. At 6.2-times current-year EV/EBITDA, the stock is modestly cheaper than it was two years ago when the firm downgraded Land’s End to Hold, but more importantly, EBITDA is growing, interest expense is declining, and the company appears poised for years of growth as its strategic changes appear to be yielding significant results.