Creek Inc. 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 www.rbcdrw.com/researchratings. 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 state.
RBC Capital Markets Announces Investment Opinion On Coldwater
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