Price Target Lowered; Earnings Release; Estimates Lowered
Culp, Inc. (NYSE: CULP) was featured in a company-sponsored research note published by Sidoti & Company, LLC. The headline of the note reads, “2Q:F22 Results In-Line With Pre-Release; Adjusted EPS Estimates Still Imply Solid Rebound In 4Q:F22-F2023; Maintain Moderately Risky Rating, Trim Price Target To $20 (From $22).”
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About Culp, Inc.
Culp is one of the world’s largest marketers of mattress fabrics for bedding and upholstery fabrics for residential and commercial furniture. The company markets a variety of fabrics to its global customer base of leading bedding and furniture companies, including fabrics produced at Culp’s manufacturing facilities and fabrics sourced through other suppliers. Culp has manufacturing and sourcing capabilities located in the United States, Canada, China, Haiti, Turkey, and Vietnam. Please visit www.culp.com.
About Sidoti & Company, LLC
For over two decades, Sidoti has been a premier provider of independent securities research focused specifically on small and microcap companies and the institutions that invest in their securities, with most of its coverage in the $100 million-$5 billion market cap range. The firm’s approach affords companies and institutional clients a combination of high-quality research, a small- and microcap-focused nationwide sales effort, broad access to corporate management teams, and extensive trading support. Sidoti serves 500+ institutional clients in North America, including many leading managers of portfolios with $200 million to $2 billion of AUM. Sidoti promotes meaningful interaction between issuers and investors through its conferences (www.sidoti.com/events) and the hundreds of non-deal roadshows hosted each year.
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