-
BofA Raises Levi Strauss Target On Healthy Retail Recovery
Wednesday, July 8, 2020 - 1:49pm | 279Levi Strauss & Co (NYSE: LEVI) would witness strong demand for the brand, given a healthy recovery in retail in June, according to BofA Securities. The Levi Analyst: Heather Balsky maintained a Neutral rating for Levi Strauss, while raising the price target from $14 to $15. The Levi Thesis:...
-
8 Stocks To Sell Into The Market Rally
Thursday, April 9, 2020 - 4:21pm | 1217All of a sudden, renewed optimism about the government stimulus package and a handful of data points suggesting the spread of COVID-19 may be slowing has the S&P 500 up 10.3% since April 1. Unfortunately, the economy and the market are not out of the woods just yet. It may be years before some...
-
Gildan Plummets After Issuing Lower Guidance; Bank Of America Turns Bearish
Friday, October 18, 2019 - 10:33am | 312Gildan Activewear (NYSE: GIL) shares were trading sharply lower on Friday after the apparel company issued weak third-quarter preliminary earnings guidance. The Analyst Bank of America Merrill Lynch analyst Heather Balsky downgraded Gildan from Buy to Underperform and lowered the price...
-
Bank Of America Reiterates Buy On Levi Strauss After Q3 Earnings Beat
Wednesday, October 9, 2019 - 4:00pm | 354Levi Strauss & Co. (NYSE: LEVI) shares are plummeting despite reporting a third quarter earnings beat on Tuesday. The San Francisco-based company reported third quarter earnings of 31 cents per share, beating estimates by 3 cents. Sales came in at $1.447 billion, beating estimates by $7 million...
-
Bank of America: G-III Has A Tariff Problem
Wednesday, September 4, 2019 - 2:35pm | 371Apparel designer G-III Apparel Group, Ltd. (NASDAQ: GIII) is unlikely to show any earnings growth in fiscal 2020 as it is unable to offset new tariffs with price increases, according to BofA. The Analyst Bank of America analyst Heather Balsky downgraded G-III Apparel Group's stock rating from...
-
BofA: 'Sluggish' Outlook From Levi's Is The Takeaway From Q2 Report
Wednesday, July 10, 2019 - 2:06pm | 401Jeans and apparel company Levi Strauss & Co. (NYSE: LEVI) reported a second-quarter beat Tuesday that was overshadowed by a cautious outlook, according to Bank of America Merrill Lynch. The Analyst Heather Balsky maintained a Neutral rating on Levi Strauss with an unchanged $25 price...
-
Analyst Confident PVH's Growth Story Is Intact
Thursday, May 30, 2019 - 1:19pm | 359Tommy Hilfiger and Calvin Klein's parent company PVH Corp (NYSE: PVH) reported in-line first-quarter results but management's outlook for the second quarter was disappointing. Nevertheless, Bank of America has "confidence" in the company's ability to show growth in the bottom...
-
The Sell-Side's Opinion Of Levi Strauss Trickles In
Monday, April 15, 2019 - 4:19pm | 497Levi Strauss & Co. (NYSE: LEVI) shares resumed trading on a public market for the first time in more than 30 years in late March. The quiet period has now come to an end and multiple analysts are releasing their ratings and recommendations on the stock. JPMorgan: Iconic Brand Will Support...
-
Gildan The Price Leader In Fashion Basics, Says Bullish BofA
Wednesday, January 23, 2019 - 4:19pm | 409Several catalysts in 2019 are keeping Bank of America Merrill Lynch bullish on Gildan Activewear Inc (NYSE: GIL). The Analyst Analyst Heather Balsky maintained a Buy rating on Gildan with a $47 price target. The Thesis After meeting with customers, reps from Gildan and CFO Rhodri Harries at...
-
Analysts Take Rain Check On Nordstrom After 'Eh' Q3 Report
Friday, November 16, 2018 - 10:40am | 594Nordstrom, Inc. (NYSE: JWN) plunged as much as 15 percent Friday despite reports of a marginal bottom-line beat, better-than-expected gross margins, in-line comps and raised sales guidance. Here's what the analysts are looking at. Inventory Trends Nomura is increasingly concerned with...
-
BofA Double Downgrades Gildan On Nicaraguan Unrest
Tuesday, July 24, 2018 - 12:31pm | 400As geopolitical concerns weigh on the Central American supply chain, Gildan Activewear Inc (USA) (NYSE: GIL) is suffering from circumstances beyond its control, according to Bank of America Merrill Lynch. The Rating Analyst Heather Balsky downgraded Gildan from Buy to Underperform and cut the...
-
Energy Sector Growth Will Help Fuel Dillard's, BofA Says In Double Upgrade
Monday, May 21, 2018 - 12:03pm | 399Dillard's is set to benefit from rising oil costs as a result of its high exposure to energy-dependent states, according to Bank of America Merrill Lynch. The Analyst BofA's Heather Balsky upgraded Dillard's, Inc. (NYSE: DDS) from Underperform to Buy and raised the price...
-
Ralph Lauren Is Executing A 'Tough' Fashion Turnaround, Says BofA
Wednesday, December 13, 2017 - 3:27pm | 507Ralph Lauren Corp (NYSE: RL) has struggled to remain relevant in the fashion world despite a 90s fashion renaissance. The brand is undergoing a rebuilding process, but one analyst said she does not expect the company to achieve any sales growth until fiscal 2020. The Expert Bank of America...
-
Can Fossil Fight Extinction In Competitive Wearable Climate Change?
Wednesday, August 9, 2017 - 1:22pm | 405The market hasn't much confidence in Fossil Group Inc (NASDAQ: FOSL). Shares have trended steadily downward from $129 in 2013 to under $10 per share, and Bank of America analysts don’t anticipate much improvement. Heather Balsky and Lorraine Hutchinson reiterated an Underperform rating...
-
UPDATE: Bank Of America Upgrades Kate Spade
Monday, November 24, 2014 - 9:21am | 222Heather Balsky of Bank of America upgraded shares of Kate Spade & Co (NYSE: KATE) to Buy from Neutral on Monday with a price target raised to $34 from a previous $33. “Based on our handbag survey results, we think Kate Spade can offset fewer markdown sales with greater full price sell-through,...