UPDATE: Wedbush Reiterates Pier 1 Imports at Outperform on Outlook for December Comps

Wedbush maintained Pier 1 Imports (NYSE: PIR ) at Outperform with a $22 price target. Wedbush noted, "Both in-store and online, traffic and conversion gained strength through Q3. Our checks during December found strong traffic driven by new and well-differentiated assortments and very high service levels. Importantly, sales