UPDATE: Deutsche Bank Reiterates Buy Rating, Lowers PT on Pier 1 Imports

In a report published Friday, Deutsche Bank reiterated its Buy rating on Pier 1 Imports (NYSE: PIR ), but lowered its price target from $25.00 to $23.00. Deutsche Bank noted, “PIR reported 3Q13 pro forma EPS of $0.25 though this included $0.01 from ‘lost sales' due to Hurricane Sandy. GAAP