UPDATE: Buckingham Research Starts At Home Group (HOME) at Buy

(updated to add analyst comment)

Buckingham Research initiates coverage on At Home Group (NYSE: HOME) with a Buy rating and a price target of $43.00.

Analyst Kelly Crago comments "With significant opportunities to raise brand awareness, improve merchandise offerings, and implement a sophisticated CRM strategy, we believe HOME can deliver upside to its long-term plan for low-single digit comp growth over the next several years. Furthermore, HOME's flexible real estate strategy, strong store-level metrics and short new store pay back of <2 years will help drive positive FCF in the mid-term which will be used toward further debt pay down."

For an analyst ratings summary and ratings history on At Home Group click here. For more ratings news on At Home Group click here.

Shares of At Home Group closed at $30.12 yesterday.

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