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Wall Street Remains Largely Bullish On Ross Stores After Q4 Print, 'Conservative' Guidance
Wednesday, March 7, 2018 - 5:28pm | 900Ross Stores, Inc. (NASDAQ: ROST) shares were down more than 6 percent at the close Wednesday after the company delivered a strong fourth-quarter earnings report accompanied with a cautious outlook. Here's a summary of what some Wall Street analysts are saying after the print. Price...
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Morgan Stanley Says Hudson Ltd Catalysts Remain Elusive
Monday, February 26, 2018 - 2:14pm | 354Hudson Ltd (NYSE: HUD), a duty-paid and duty-free travel retail company, recently offered 39.42 million shares in an IPO, pricing the shares at $19 on Feb. 1. The Analyst Morgan Stanley analyst Kimberly Greenberger initiated coverage of Hudson Ltd with an Equal-weight rating and a $18 price...
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Morgan Stanley: The Bull Case For L Brands In 2018
Thursday, December 14, 2017 - 4:16pm | 378For most of 2017 investors were left wondering if L Brands Inc (NYSE: LB)'s woes were company-specific or industrywide. As 2018 approaches, one Wall Street analyst said the debate will be settled soon. The Analyst Morgan Stanley's Kimberly Greenberger maintains an Overweight rating on L...
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Analysts Go Cuckoo For LULU After Q3 Beat
Thursday, December 7, 2017 - 4:14pm | 655Lululemon Athletica inc. (NASDAQ: LULU) shares are ripping, moving 7 percent higher after a solid third quarter report in the face of a struggling athleticwear cycle. After showing solid e-commerce growth, comps that were up 8 percent in the quarter, and a men’s business that's...
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Analyst: Burlington's Q4 Could Be A 'Home Run'
Wednesday, November 22, 2017 - 3:21pm | 418Burlington Stores Inc (NYSE: BURL)'s third quarter results were highlighted by another beat and raise, as the company continues to benefit from a shift in the retail landscape toward off-price retailers. The Analyst Morgan Stanley's Kimberly Greenberger maintains an Overweight rating...
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As Abercrombie & Fitch's Sales Process Progresses, Is It Time To Step To The Sidelines?
Thursday, June 22, 2017 - 11:18am | 498Wunderlich analyst Eric Beder sees Abercrombie & Fitch Co. (NYSE: ANF) as a potential acquisition target, pushing him to raise his rating from Sell to Hold. “Although we believe the company's business model remains broken and the potential for a turn remains limited, in our view, the...
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One Thing Abercrombie M&A Rumors Don't Change: It's A Declining Retailer That May Never Again Turn A Profit
Friday, May 26, 2017 - 1:49pm | 355With core business clearly deteriorating, Abercrombie & Fitch Co. (NYSE: ANF) bulls have been shifting their attention to recent market buyout rumors. Unfortunately, the M&A route may be a dead-end for Abercrombie as well, Morgan Stanley analyst Kimberly Greenberger said. Abercrombie just...
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Ross Stores: Finding Buried Treasure In The Retail Space
Friday, May 19, 2017 - 3:46pm | 395Discount retailers as diamonds in the rough for the broader retail sector is becoming a chorus that continues to gain traction. Ross Stores, Inc. (NASDAQ: ROST) is further solidifying this rhetoric, reporting a first-quarter earnings and sales beat on Thursday and a comps increase by an impressive...
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For The Gap, Is Old Navy Success Enough To Keep The Ship Afloat?
Friday, May 19, 2017 - 12:04pm | 336Led by strength in its Old Navy brand, Gap Inc (NYSE: GPS) posted first-quarter comps increases with beats in sales and earnings-per-share Thursday. But it wasn’t enough to impress Morgan Stanley. “We commend GPS for posting a solid 1Q result in a very tough environment, but one quarter...
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Morgan Stanley Steps To The Sidelines On Urban Outfitters
Thursday, November 17, 2016 - 3:36pm | 253Morgan Stanley has downgraded Urban Outfitters, Inc. (NASDAQ: URBN) to Equal Weight from Overweight as risk/reward appears more balanced following 72 percent rally year-to-date. “Key pieces of the URBN story look largely intact — UO comp momentum, GM recapture, inventory discipline, and...
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The Street's Confidence In Michael Kors Shaken After Guidance Cut
Monday, November 14, 2016 - 1:40pm | 426Michael Kors Holdings Ltd (NYSE: KORS) earned itself a downgrade from Morgan Stanley to Equal-Weight after the luxury handbag maker slashed its FY 2017 EPS outlook. The guidance cut suggests lack of earnings visibility for the company that operates in an industry already plagued by slower...
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Amazon Vs. The Department Store: The Battle Is Just Beginning
Tuesday, September 20, 2016 - 12:00pm | 435Many investors erroneously undervalue and underestimate just how big Amazon.com, Inc. (NASDAQ: AMZN)'s apparel sales are. According to Gadfly's Shelly Banjo, Amazon first bought Zappos in 2009 and sold consumers basic apparel items such as t-shorts, leggings and jeans. Over the coming...
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Morgan Stanley Says Burlington's 2016 Setup Its Best Since Stock's IPO
Wednesday, July 20, 2016 - 11:20am | 302Morgan Stanley said the 2016 setup of Burlington Stores Inc (NYSE: BURL) is its best since the 2013 IPO, given improved execution and secular tailwinds paving the way for ongoing positive EPS revisions. The brokerage's comments came after Burlington delivered an impressive encore to its 19 percent...
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Amazon, Facebook, Blackstone Lead Morgan Stanley's '30 Picks For 2019' List
Monday, April 18, 2016 - 4:05pm | 349Morgan Stanley has released its updated list of the 30 best stocks to buy now and hold for at least three years. According to the Morgan Stanley research team, there are a number of U.S. market uncertainties ahead in the next three years, including U.S. economic growth, international weakness,...
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Why These Analysts Are Mixed Following Chico's Q3 Print
Friday, November 27, 2015 - 8:11am | 542Shares of Chico's FAS, Inc. (NYSE: CHS) have lost around one quarter of its value year-to-date. The company reported a top and bottom line miss in its third quarter print on Tuesday. Chico's results were sufficient for analysts at Brean Capital to maintain a bullish on the stock...