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Wedbush On Specialty Retail Following Holiday Weekend
Monday, December 28, 2015 - 9:20am | 366Read More...Shares of Express, Inc. (NYSE: EXPR) and Gap Inc (NYSE: GPS) are down 2 percent and percent respectively year-to-date, while Francesca's Holdings Corp (NASDAQ: FRAN) shares are up 11 percent. Wedbush’s Morry Brown has Outperform ratings on both Express and Francesca's, and a...
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Wedbush Highlights Abercrombie As Gaining Momentum Over Holiday Weekend
Monday, December 28, 2015 - 8:44am | 232Read More...Abercrombie & Fitch Co. (NYSE: ANF) shares have lost 5 percent year-to-date. Wedbush’s Morry Brown said that the company’s performance during the Holiday weekend was most surprising, with strong traffic and sell through. Promotions in teen retail remained broadly flat to...
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Wedbush Cuts Target On lululemon To $56 Amid 'Inventory Overhang'
Thursday, December 10, 2015 - 9:36am | 280Read More...Shares of Lululemon Athletica inc. (NASDAQ: LULU) are down 29 percent in the last three months and trading close to their 52-week low of $43.14. Wedbush’s Morry Brown maintained an Outperform rating on the company, while reducing the price target from $78 to $56. Although inventory...
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Why Wedbush Continues To Like Lululemon Into 2016
Monday, December 7, 2015 - 11:07am | 252Read More...Wedbush issued a report on the specialty retail industry, highlighting Lululemon Athletica inc. (NASDAQ: LULU) heading into the holiday shopping season and the New Year. Currently, Wedbush rates Lululemon as Overweight with a $78 price target. Lululemon opened Monday trading at $49.18. Morry...
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Wedbush Highlights Nov. Worse-Than-Expected Sales In Apparel Retail Group
Friday, December 4, 2015 - 10:01am | 487Read More...Shares of Buckle Inc (NYSE: BKE) and Gap Inc (NYSE: GPS) are down 42 percent and 38 percent, respectively, year-to-date, while L Brands Inc (NYSE: LB) shares have gained 11 percent. Wedbush’s Morry Brown maintained a Neutral rating on all three companies, while revising the price...
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TJX Companies' New CEO: Is Herrman's Appointment Good For The Stock?
Thursday, October 8, 2015 - 4:04pm | 316Read More...TJX Companies Inc (NYSE: TJX) has a new CEO. Ernie Herrman has been elected to replace Carol Meyrowitz and to serve as a Director in the company’s board. On Wednesday, following Herrman’s appointment, Wedbush reiterated an Outperform rating and $80.00 price target on the stock. Shares...
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August Retail Sales: The Early-Month Tax Holiday, Labor Day Shift And Three Brands To Look At
Saturday, September 5, 2015 - 11:30am | 485Read More...In a report issued Friday, Wedbush analysts Morry Brown and Taryn Kuida shared a recap of August retail sales, which came in mixed, but largely in line with expectations. “Labor Day shift more than offsets [the] early month tax holiday benefit,” the report stated. Same store sales...
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Wedbush Adds Lululemon To 'Best Ideas List'
Thursday, September 3, 2015 - 9:40am | 314Read More...Lululemon Athletica inc. (NASDAQ: LULU) shares have gained 17 percent year-to-date, and are trading close to their 52-week high of $70. Wedbush’s Morry Brown maintained an Outperform rating for the company, with a price target of $78. Brown has added the company to the Best Ideas...
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In Case You Missed May Retail Sales, Here's What Happened
Friday, June 5, 2015 - 11:04am | 401Read More...In a report published Friday, Wedbush analyst Morry Brown recapped May same-store sales data for retailers. Brown noted that four out of five retailers he follows posted May same-store sales that were either in-line with expectations or above expectations. Zumiez: The Lone Miss Zumiez Inc. (NASDAQ...
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Specialty Retailers Wedbush Is Following
Tuesday, May 19, 2015 - 9:02am | 557Read More...In a report published Tuesday, Wedbush analyst Morry Brown detailed mall checks at many specialty retailers. Express: Reduced Level Of Promotions Express, Inc. (NYSE: EXPR) held a reduced level of promotional activity at stores and online and chose not to lap 40 percent off entire store offer...
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Wedbush Initiates On 3 Luxury Retailers
Thursday, May 14, 2015 - 7:25am | 512Read More...Wedbush on Wednesday afternoon initiated coverage on three luxury retailers. Below are highlights on each company from analysts Morry Brown and Taryn Kuida along with ratings and price targets. Kate Spade & Co (NYSE: KATE) - Outperform, $39 price target Brown felt that early stage...
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Wedbush Securities Sees Traction In Non-Apparel Categories For Francesca's Holdings
Thursday, March 26, 2015 - 10:10am | 160Read More...In a report published Thursday, Wedbush Securities analyst Morry Brown reiterated a Neutral rating and $17.00 price target on Francesca's Holdings Corp. (NASDAQ: FRAN). In the report, Wedbush Securities noted, "Progress on inventory and within non-apparel categories; apparel remains a challenge. We...
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Wedbush Securities Reiterates Neutral, Raises PT On Zumiez As Guidance Should Prove Beatable
Friday, March 13, 2015 - 7:10am | 182Read More...In a report published Friday, Wedbush Securities analyst Morry Brown reiterated a Neutral rating on Zumiez Inc. (NASDAQ: ZUMZ), and raised the price target from $37.00 to $38.00. In the report, Wedbush Securities noted, "ZUMZ's 1Q15 outlook fell just shy of consensus expectations, as management...
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Wedbush Securities Reiterates Neutral, Raises PT On Urban Outfitters As Turnaround Gains Momentum
Tuesday, March 10, 2015 - 8:47am | 201Read More...In a report published Tuesday, Wedbush Securities analyst Morry Brown reiterated a Neutral rating on Urban Outfitters (NASDAQ: URBN), and raised the price target from $40.00 to $44.00. In the report, Wedbush Securities noted, "Continued sales improvement at UO likely to support stock in the near...
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Jefferies Positive On The Gap Following Earnings, Wedbush Not So Much
Friday, February 27, 2015 - 12:45pm | 425Read More...Gap Inc (NYSE: GPS) on Thursday reported its fourth quarter results. By Friday morning, several analysts offered their take. Jefferies: It's ‘Simple' In a report published Friday, Jefferies analyst Randal Konik wrote that his view of The Gap is "simple." "...
