Morry Brown

Wedbush’s Morry Brown believes the strong Q3 results reported by Lululemon Athletica inc. (NASDAQ: LULU) indicate the company would have higher earnings power in 2017 and 2018. Brown maintained an Outperform rating on the company, while raising the price target from $70 to $81, while...

Lululemon Athletica inc. (NASDAQ: LULU) is set to report Q3 results after the market close Wednesday. While long-term sell-side sentiment for the athletic apparel company varies, the Street is mostly cautious for the long term leading into the short-term catalysts: Cowen analyst Oliver Chen (...

Lululemon Athletica inc. (NASDAQ: LULU) is expected to report Q3 results Wednesday after the close. Even following mixed results from other apparel retailers, Wedbush analyst Morry Brown maintains an Outperform rating and $70 12-month price target on the stock. The key bear-side thesis before...

Express, Inc. (NYSE: EXPR) reported disappointing Q3 figures and announced its Q4 guidance significantly short of expectations. Sluggish sales and higher promotions pushed the guidance down, Wedbush’s Morry Brown said in a report. He reiterated a Neutral rating on the company, while...

Following its retail channel checking, Wedbush said Black Friday's importance is paling in significance, as reflected by higher promotions year-over-year and slowing in-store traffic. Analyst Morry Brown presented the promotions offered by companies in 2016 compared to what was offered in 2015....

Wedbush said its checks show Black Friday promotions of Urban Outfitters, Inc. (NASDAQ: URBN) and Anthropologie were higher than last year, with Francesca's Holdings Corp (NASDAQ: FRAN) lapping tough compares despite strong traffic. Apparel Retailers “Traffic was strong at both Urban and...

Urban Outfitters, Inc. (NASDAQ: URBN) reported its Q3 results and Q4 outlook short of expectations. While the results were disappointing across all key operating metrics, the trends are mostly expected to continue into the next quarter, Wedbush’s Morry Brown said in a report. He maintains a...

Wedbush said in a research note released Friday it believes trends improved modestly versus August due to strength over the Labor Day weekend. Reviewing the September sales data of soft-line retailers, analyst Morry Brown noted that L Brands Inc (NYSE: LB) reported results mostly above the...

August delivered some mixed numbers for retailers Buckle Inc (NYSE: BKE), Gap Inc (NYSE: GPS) and L Brands Inc (NYSE: LB). In a new report, Wedbush analyst Morry Brown discussed August sales numbers for the three retailers. In terms of same-store sales (SSS), L Brands came in slightly ahead of...

Following a “rare execution misstep” in Q1, Ross Stores, Inc. (NASDAQ: ROST) reported an acceleration in Q2. Wedbush’s Morry Brown maintains an Outperform rating on the company, while raising the price target from $65 to $67. Rebound In Q2 Brown mentioned that the Q2 acceleration...

Gap Inc (NYSE: GPS) announced its Q2 EPS broadly in-line with expectations, reflecting volatile traffic trends. The company’s full-year guidance disappointed. Wedbush’s Morry Brown maintained a Neutral rating on the company, while reducing estimates but raising the price target from $...

While shares of Kate Spade & Co (NYSE: KATE) and Michael Kors Holdings Ltd (NYSE: KORS) lost around 5 percent in the last month, Coach Inc (NYSE: COH) shares are up 10 percent. Wedbush’s Morry Brown maintained an Outperform rating for Kate Spade, and Neutral ratings for Michael...