Stein Mart stock pops after Avondale Partners upgrade
Posted on February 01, 2013 at 16:21 PM EST
Avondale Partners upgraded Stein Mart Inc.'s stock from “market perform” to “market outperform” Friday — that resulted in its shares spiking more than 5 percent for the day. The Jacksonville-based retailer (Nasdaq: SMRT) saw its stock rise as much as 5.21 percent to $8.88 from its $8.44 closing price Thursday. Its stock opened at $8.60 Friday, with a 52-week range of $6.02 to $9.34, and closed at $8.84, up 4.74 percent from Thursday's close. Stein Mart, based in Jacksonville, operates…