Business Editors & Analysts
NOTE TO EDITORS: The following is an investment opinion issued by
RBC Capital Markets
MINNEAPOLIS--(BUSINESS WIRE)--May 8, 2002--
RBC Capital Markets Initiates Coverage of Coldwater Creek Inc.
RBC Capital Markets equity analyst Lauri Brunner initiated
coverage of Coldwater Creek Inc. (Nasdaq:CWTR), $23.19, with an
Outperform rating and Above Average risk qualifier. She has a 12-month
price target of $26.
"We view Coldwater Creek as a rapid retail store rollout and
margin expansion story," Brunner said. "We are encouraged by the
company's long-term growth prospects and important shift from a
catalog-based to a multi-channel retailing model."
Coldwater Creek is a leading specialty retailer of high-quality
apparel and gifts to women over 35.
Institutional investors interested in receiving more information
should contact their RBC Capital Markets salesperson. Media interested
in receiving Brunner's research should call (612) 371-7758.
RBC Capital Markets is the global brand name for the corporate and
investment banking divisions of Royal Bank of Canada and its
affiliates, including the equity capital markets division of RBC Dain
Rauscher Inc., member NYSE and SIPC. The firm offers focused industry
expertise and global reach in its chosen products, markets and
industry sectors through five business divisions and 3,000 employees
including some 80 analysts covering more than 900 companies. It is a
member of RBC Financial Group, the brand name of Royal Bank of Canada
(NYSE:RY)(TSE:RY), the seventh largest bank by assets in North
America. RBC Financial Group has 57,000 employees who serve over 12
million customers in 30 countries around the world. For more
information please visit www.rbccm.com.
RBC Dain Rauscher Corporation, a wholly owned subsidiary of Royal
Bank of Canada, is the parent company of RBC Dain Rauscher Inc., the
nation's ninth largest full-service securities firm with more than
2,000 financial consultants and 6,000 employees. The companies serve
individual investors and small business owners through offices coast
to coast, and capital markets and correspondent clients in select U.S.
and international markets. Founded in 1909, RBC Dain Rauscher is a
member of the New York Stock Exchange and other major securities
exchanges, as well as the Securities Investor Protection Corp. The
company's headquarters are located at Dain Rauscher Plaza, 60 S. Sixth
St., in Minneapolis.
RBC Dain Rauscher Inc. makes a market in Coldwater Creek Inc. and
may act as principal with regard to sales or purchases of this
security. The author is employed by RBC Dain Rauscher Inc., a
securities broker-dealer with principal offices located in Minnesota,
USA. RBC Capital Markets' Research Ratings Legend can be viewed at
Additional information on the securities mentioned is available on
request. This does not purport to be a complete statement of all
material facts related to any company, industry, or security
mentioned. The information provided, while not guaranteed as to
accuracy or completeness, has been obtained from sources believed to
be reliable. The opinions expressed reflect our judgment at this time
and are subject to change without notice and may or may not be
updated. RBC Dain, its officers, directors, affiliates, and/or
employees (including the authors of this report) may from time to time
have a long or short position in publicly or privately issued
securities of companies mentioned or derivatives thereof and may sell
or buy such securities for their own or related accounts. This notice
shall not constitute an offer to sell or the solicitation of an offer
to buy, nor shall there be any sale of these securities in any state
in which said offer, solicitation, or sale would be unlawful prior to
registration or qualification under the securities laws of any such
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