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Can Canada Goose Fly North To 25% Upside In The Next Year?
Monday, April 10, 2017 - 11:13am | 344Read More...John Morris of BMO Capital Markets initiated coverage of Canada Goose Holdings Inc. Subordinate Voting Shares (NYSE: GOOS)'s Toronto-listed stock (TSE: GOOS) with an Outperform rating and C$28 price target. According to Morris, the maker of high-end outerwear which recently completed an IPO gives...
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Handbag Wars! Kate Spade And Coach Seek To Capitalize On Michael Kors' Retreat
Wednesday, March 15, 2017 - 11:16am | 431Read More...Michael Kors Holdings Ltd (NYSE: KORS)'s loss could be Kate Spade & Co (NYSE: KATE) and Coach Inc (NYSE: COH)'s gain, at least according to BMO Capital Markets' John Morris. In a report on Wednesday, Morris noted Michael Kors' management team has been focusing on reducing its...
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Analyst: Macy's Loss Is Burlington's Gains
Thursday, January 19, 2017 - 1:34pm | 292Read More...Macy's Inc (NYSE: M)'s plans to close dozens of stores has been well communicated to investors, but what's less clear is who will scoop up Macy's lost business. According to CNBC, BMO Capital Markets analyst John Morris believes that the little known off-price retailer...
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Lululemon Warns Q4 Off To A Slow Start
Thursday, December 8, 2016 - 12:57pm | 259Read More...Lululemon Athletica inc. (NASDAQ: LULU) reported an earnings beat and $100 million stock buyback after the market close on Wednesday. The stock spiked in after-hours trading before leveling off up around 16 percent at $69. BMO Bucks Wall Street Trend: Market Perform In contrast with the market...
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Urban Outfitters Cooks Up A Q3 Miss, Inventory High Going Into Q4
Wednesday, November 23, 2016 - 1:13pm | 309Read More...Reviewing the third-quarter results of Urban Outfitters, Inc. (NASDAQ: URBN), BMO Capital Markets noted that the results were disappointing, as momentum at its namesake division was not adequate to offset the weakness in the Anthropologie division. The firm also noted high inventory levels...
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Why The Only Winner From Abercrombie's Dismal Q3 Could Be American Eagle Outfitter
Monday, November 21, 2016 - 2:48pm | 307Read More...Before the market open last Friday Abercrombie & Fitch Co. (NYSE: ANF) reported Q3 results that missed both top- and bottom-line estimates (EPS $0.02 vs. est. $0.21; rev. $821.73 million vs. est. $830.6.0) The market responded and share price dropped by around 12 percent in trading over the day...
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American Eagle Outfitters Could Soar In The Second Half Of 2016; BMO Upgrades
Monday, October 10, 2016 - 10:16am | 529Read More...BMO Capital Markets has upgraded American Eagle Outfitters (NYSE: AEO) to Outperform from Market Perform on the stock's pullback and the upcoming solid third-quarter results, with outperformance expected in the fourth quarter and continuing into the spring season. "Nearly halfway through the key...
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Duluth Holdings Price Target Up To $35 At BMO Capital
Friday, September 9, 2016 - 12:56pm | 237Read More...BMO Capital raised its estimates and price target on Duluth Holdings Inc (NASDAQ: DLTH) after the company's second quarter EPS of $0.11 beat the brokerage's estimate by $0.04. The EPS beat was attributed to sales growth of 27.4 percent versus BMO estimate of 21.8 percent, driven equally...
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Weak Traffic Trends Keep BMO Analysts Sidelined On Lululemon
Friday, September 2, 2016 - 11:33am | 349Read More...Lululemon Athletica inc. (NASDAQ: LULU)'s near 10 percent decline Friday morning doesn't represent an attractive buying opportunity, at least according to John Morris of BMO Capital Markets. In a research report, Morris argued that Lululemon's second-quarter reported earnings per share of $0.38 was...
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Declining Tourism Weighed On Abercrombie's Q2 Results, Creating Positives For American Eagle Outfitters
Wednesday, August 31, 2016 - 2:17pm | 379Read More...BMO said the weak second-quarter results of Abercrombie & Fitch Co. (NYSE: ANF) on lower tourism spending are a positive for peer American Eagle Outfitters (NYSE: AEO). Abercrombie & Fitch reported worse-than-expected earnings driven by weak tourism spending, which was mostly concentrated...
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BMO Waiting To See 'Green Shoots' For Express, Trims Price Target
Thursday, August 25, 2016 - 12:10pm | 373Read More...BMO Capital Markets has reduced its price objective on Express, Inc. (NYSE: EXPR) shares from $14 to $13 to reflect its EPS estimate for the fiscal year 2017. However, the brokerage maintains its Market Perform rating on the stock. The analysis comes on the heels of the company reporting below the...
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Burlington Stores Will 'Continue To Win'
Tuesday, July 19, 2016 - 4:24pm | 313Read More...Burlington Stores Inc (NYSE: BURL)'s buoyant outlook for the second quarter has rubbed off on BMO Capital Markets, as the firm upwardly revised its second quarter and full year 2016 earnings per share estimate for the company. Burlington announced debt repricing and simultaneously raised...
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BMO Lowers Earnings Estimates For Urban Outfitters
Thursday, July 7, 2016 - 1:35pm | 248Read More...John Morris of BMO Capital Markets turned incrementally bearish on Thursday when he revised his estimates for Urban Outfitters, Inc. (NASDAQ: URBN) due to a now weaker than expected average unit revenue (AUR) outlook for the second quarter. According to Morris, a higher level of promotional...
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How Wall Street Is Reacting To Urban Outfitters Earnings
Tuesday, August 18, 2015 - 2:53pm | 1008Read More...Shares of Urban Outfitters, Inc. (NASDAQ: URBN) jumped higher by more than 4 percent after the company reported its second-quarter results. However, shares were volatile during Tuesday's session and dipped into negative territory by early afternoon. Here is a summary of what Wall Street...
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BMO Slashes L Brands Price Target; Long-Term Still 'Compelling'
Wednesday, August 12, 2015 - 4:38pm | 237Read More...John Morris, analyst at BMO Capital Markets, lowered the firm's rating on L Brands Inc (NYSE: LB) to Market Perform from Outperform, slashing the price target to $76 from $103 – a 26 percent cut. Near-term, BMO expects that the stock will struggle to gain, though Morris...
