Lehman Hikes Estimates on Linens 'n Things

Analyst Alan Rifkin believes much of the the company's March momentum has continued into April

Linens' n Things (LIN ) posted $0.12, vs. $0.11, first quarter earnings per share on 2.6% higher same-store sales. The company set growth targets of 17%-19% for sales and 15%-20% for EPS in fiscal 2003. Lehman Brothers raised its estimates on the home-goods retailer.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.