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True Love Or Last Resort? Morgan Stanley Takes On Match Group
Tuesday, June 9, 2020 - 10:40am | 357It isn’t hard to find love when there’s no competition. Match Group Inc (NASDAQ: MTCH) is the only online dating service on the public markets, but last resort or not, it’s found itself a mate. The Rating: Morgan Stanley analysts Lauren Cassel and Brian Nowak initiated coverage on...
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What To Do With Etsy's Stock After 15% Surge
Thursday, February 27, 2020 - 8:34pm | 720Online marketplace Etsy Inc (NASDAQ: ETSY) reported fourth-quarter results that came in above expectations and was followed up with better-than-expected guidance for 2020. Here is a summary of how some of the Street's top analysts reacted to the print. The Etsy Analysts Nomura Instinet analyst...
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Morgan Stanley Buys Chewy As Pet Ownership, E-Commerce Grow
Thursday, December 5, 2019 - 11:20am | 465Chewy Inc (NYSE: CHWY) trades down nearly 32% year to date and 24% from its second-quarter earnings report. One analyst team sees a buying opportunity. The Rating Morgan Stanley analysts Lauren Cassel, Brian Nowak and Simeon Gutman upgraded Chewy to Overweight but cut their price target from $34 to...
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Morgan Stanley Downgrades Etsy, Anticipates Major Headwinds
Thursday, December 5, 2019 - 10:48am | 420Etsy Inc (NASDAQ: ETSY) shares have yet to rebound after plunging on October’s earnings. One team of analysts isn’t hopeful for a recovery. The Rating Morgan Stanley analysts Lauren Cassel and Brian Nowak downgraded Etsy to Underweight and cut their price target from $52 to $38. The...
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Morgan Stanley Upgrades Foot Locker On Valuation, Q2 Print May Support Shares
Thursday, August 8, 2019 - 3:30pm | 318The risk to Foot Locker, Inc’s (NYSE: FL) revenue and EBIT margin seem priced in, following the massive year-to-date pullback in its share price, according to Morgan Stanley. The Analyst Morgan Stanley’s Lauren Cassel upgraded Foot Locker from Underweight to Equal-Weight, maintaining...
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Wall Street Optimistic On Skechers After Record Q2
Friday, July 19, 2019 - 3:35pm | 422Skechers USA Inc (NYSE: SKX) shares were trading sharply higher Friday, one day after posting a big second-quarter earnings beat and record quarterly net sales. Here's what two analysts had to say after the print. Stifel Stifel analyst Jim Duffy said he is highly encouraged by...
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Wall Street Reacts To Nike's First Earnings Miss In 7 Years
Friday, June 28, 2019 - 2:25pm | 625Nike Inc (NYSE: NKE) is coming off a surprise fourth-quarter earnings miss Thursday; here's how Wall Street is reacting. BofA: Just Don't Do It Bank of America Merill Lynch analyst Robert Ohmes was particularly bearish on Nike, lowering his earnings estimates for the first...
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Is Nike A Victim Of Its Own Success?
Friday, March 22, 2019 - 2:54pm | 813Nike Inc (NYSE: NKE) shares were falling Friday despite reporting a strong third-quarter earnings beat on Thursday. Morgan Stanley Analyst Lauren Cassel said that although expectations are high, Nike remains the firm's top pick and recommends buying the dip, as the apparel maker's direct-to...
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The Street Debates Skechers Q4: Sustainable Momentum Or One-Off Quarter?
Friday, February 8, 2019 - 12:47pm | 727Skechers USA Inc (NYSE: SKX) reported Thursday afternoon with a strong fourth-quarter earnings report and encouraging first-quarter guidance. Here's how the Street reacted to the footwear company's print and outlook. The Analysts Cowen's John Kernan maintains a Market...
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Morgan Stanley: Adidas' Pain Is Nike's Gain
Thursday, January 24, 2019 - 4:37pm | 586Nike Inc (NYSE: NKE) may finally be stealing share back from Adidas AG (ADR) (OTC: ADDYY), according to Morgan Stanley. The Analyst Morgan Stanley analyst Lauren Cassel maintains an Overweight rating on Nike with a $103 price target. The Thesis Morgan Stanley analysts believe the market is...
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Nike Leads Dow After Rock-Solid Q2 Report: A Sell-Side Roundup
Friday, December 21, 2018 - 3:45pm | 1017Nike Inc (NYSE: NKE) shares are soaring higher in spite of overall market turmoil after reporting a big second-quarter earnings beat after the close Thursday. The world’s largest sportswear company delivered earnings of 52 cents per share, beating estimates by 6 cents. Revenue came in at $9.4...
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Morgan Stanley: Under Armour Could Provide 5-Year Revenue Target At Investor Day
Wednesday, November 28, 2018 - 2:17pm | 330Under Armour Inc (NASDAQ: UAA) is preparing for its first investor day in three years on Dec. 12. The Analyst Morgan Stanley analyst Lauren Cassel maintains an Equal-Weight rating and $21 price target on Under Armour. The Thesis Under Armour's investor day is one of the most anticipated events...
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Foot Locker Rallies After Q3 Beat, But Footwear Brands' Direct-To-Consumer Push Concerns Analysts
Wednesday, November 21, 2018 - 5:13pm | 798Foot Locker, Inc. (NASDAQ: FL) shares are soaring after the retailer reported a third-quarter earnings and sales beat Tuesday. The footwear retailer reported Q3 earnings of 95 cents per share, beating estimates by 3 cents. Sales came in at $1.86 billion, beating estimates by $10 million. Many...
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Morgan Stanley Says Buys The Nike Dip
Wednesday, September 26, 2018 - 8:40am | 421Nike Inc (NYSE: NKE) sold off Tuesday evening after posting first-quarter top- and bottom-line beats. Some experts are profiting on the pullback. The Rating Morgan Stanley analysts Lauren Cassel and Kimberly Greenberger maintained an Overweight rating on Nike and raised their price target from $88...
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Nike To Report Q1 Results After Kaepernick Ad Launch: A Sell-Side Preview
Monday, September 24, 2018 - 11:42am | 818All eyes are on Nike Inc (NYSE: NKE) sales heading into its first-quarter earnings report Wednesday, Sept. 25, the first since the company launched its "Just Do It" campaign featuring Colin Kaepernick. Here's what analysts are saying ahead of the print. Baird Stays...