Analyst upgrades West Marine stock

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West Marine was upgraded by TheStreet Ratings from hold to buy.

“The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, expanding profit margins, increase in net income and growth in earnings per share,” TheStreet Ratings said on its website. “We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.”

In the second-quarter earnings report West Marine released last week, the company’s earnings per share improved by 26.3 percent, compared with the same quarter a year earlier, the site noted.

“This company has reported somewhat volatile earnings recently. But we feel it is poised for EPS growth in the coming year,” the report said.

West Marine’s stock closed Monday at $10.37 a share. Its 52-week high and low are $13.48 and $8.37.

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