Pier 1 (PIR +1.8%) gains after Oppenheimer raises its price target on the shares to $20 based on...

|About: Pier 1 Imports Inc. (PIR)|By:, SA News Editor

Pier 1 (PIR +1.8%) gains after Oppenheimer raises its price target on the shares to $20 based on increases in the company's sales and margins, noting that Pier 1's e-commerce launch should boost sales. It maintains an Outperform rating.