Superior Group initiated with an Outperform at Noble Capital

Noble Capital initiated coverage of Superior Group (SGC) with an Outperform rating and $16 price target Superior operates in three distinct sectors – healthcare apparel, branded products and call centers – which have favorable, above-average organic growth characteristics and should grow faster than the U.S. economy, are profitable, and have compelling acquisition target opportunities, the analyst tells investors. The firm’s favorable view is based on a “seasoned, successful management team,” a balance sheet positioned to support acquisition fueled growth, a history of return of capital to shareholders and “a compelling stock valuation,” the analyst added.