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Equities researchers at Credit Suisse assumed coverage on shares of Michaels Companies (NYSE:MIK) in a research report issued on Wednesday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating on the stock.

MIK has been the subject of a number of other recent research reports. Analysts at SunTrust initiated coverage on shares of Michaels Companies in a research note on Wednesday. They set a “buy” rating on the stock. Separately, analysts at Piper Jaffray initiated coverage on shares of Michaels Companies in a research note on Wednesday. They set an “overweight” rating on the stock. Finally, analysts at JPMorgan Chase & Co. initiated coverage on shares of Michaels Companies in a research note on Wednesday. They set an “overweight” rating on the stock. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Michaels Companies presently has an average rating of “Buy”.

Shares of Michaels Companies (NYSE:MIK) opened at 15.68 on Wednesday. Michaels Companies has a 52-week low of $14.51 and a 52-week high of $17.28. The stock’s 50-day moving average is $16.38 and its 200-day moving average is $16.38. The company has a market cap of $3.185 billion and a price-to-earnings ratio of 12.92.

The Michaels Companies, Inc is an arts and crafts specialty retailer in North America. The Company also operates a vertically integrated custom framing business.

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