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A Resugence In Luxury Drives Goldman To Upgrade Tiffany
Friday, May 12, 2017 - 1:40pm | 426Read More...The luxury goods business is enjoying an upswing, and that could be very good news for Tiffany & Co. (NYSE: TIF). Goldman Sachs analyst Lindsay Mann has upgraded Tiffany from Neutral to Buy and believes the company could be one of the major beneficiaries from an uptick in luxury spending. All...
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TJX's 'Underlying Sales Momentum Is Humming,' According To Goldman
Wednesday, August 17, 2016 - 9:13am | 221Read More...Goldman Sach’s Lindsay Mann commented on the weakness of TJX Companies Inc’s (NYSE: TJX) recent earnings report, but remained confident the company would succeed in the future. The analyst reiterated her Buy rating and $92 12-month price target. Strategic Positioning To Grow...
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Michael Kors Turnaround Story Gets A New Plot Twist After Q1 Comps Miss
Thursday, August 11, 2016 - 9:44am | 289Read More...On Wednesday morning, Michael Kors Holding Ltd (NYSE: KORS) reported Q1 EPS of $0.88 vs. $0.74 estimates and revenue of $987.9 million vs. analyst estimates of $953.0 million. Although Kors beat both revenue and EPS estimates, shares fell due to weak forecasts and same-store sales. Goldman Sach...
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Goldman: 4 Retail Stocks Being Unfairly Punished For Macy's Earnings
Thursday, May 12, 2016 - 1:31pm | 353Read More...Macy’s, Inc. (NYSE: M) shares fell by more than 15 percent on Wednesday when the market didn’t like what it saw from the retailer’s Q1 numbers and forward guidance. A number of other retail stocks plummeted as well on fears of a softening sales environment. While a bit of a...
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Nike Missed On Top Line, But Analysts Still Bullish On The Swoosh
Wednesday, March 23, 2016 - 11:21am | 589Read More...Nike Inc (NYSE: NKE) reported Q4 EPS of $0.55, topping consensus expectations of $0.49. The company also reported Q4 revenue of $8.0 billion, slightly below consensus expectations of $8.2 billion. Nike shares are down about 4.5 percent in early Wednesday trading, but the revenue miss didn...
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Goldman Removes Tiffany & Co. From Conviction Buy List; Margin Expansion Not as Robust as Expected
Monday, March 24, 2014 - 9:33am | 117Read More...On Monday, Goldman Sachs removed Tiffany & Co. (NYSE: TIF) from the conviction buy list, but maintained a Buy rating. Gross margin expansion of +140 bps in the fourth quarter was “not as robust” as analyst Lindsay Mann had hoped. The analyst reduced “FY14/15 EPS to $4.21/$4.92 from $4.45/$5.03...
