Oliver Chen

TD Cowen has named Walmart, Inc. (NYSE: WMT) its overall "Best Stock" pick for 2024.  The Details: TD Cowen senior retail analyst Oliver Chen maintained Walmart with an Outperform rating and set a price target of $188, naming the retail giant his best stock pick...

Walmart Inc (NYSE: WMT) shares are ticking higher after falling Tuesday following the retail giant's better-than-expected earnings numbers amid the COVID-19 crisis. Walmart reported 74% online sales growth and 10% same-store sales growth in the first quarter. Walmart also reported EPS of $1.18 on...

It’s the most wonderful time of the year, and that means retail stocks are back in action. Cowen’s retail team released a report Tuesday with ideas for holiday stock plays. Cowen analyst Oliver Chen lists Kohl’s Corporation (NYSE: KSS), Target Corporation (NYSE: TGT) and Tiffany...

Cowen offered five reasons to warrant a bullish rating on retailer Target Corporation (NYSE: TGT) after holding a neutral stance on the stock for more than two years. The Analyst Cowen's Oliver Chen upgraded Target from Market Perform to Outperform with a price target lifted from $90 to $100....

Based on its meeting with Weather Trends International CEO Bill Kirk, Cowen said in a note Tuesday that the second-half could turn out great for retailers. The key takeaways from the meeting include August being the coolest in 13 years and a potential positive metric for back-to-school apparel...

Is retail in trouble? The answer certainly varies depending on who you ask and how they define retail. According to a Bloomberg report, there could be more than 8,000 store closures in 2017, which would surpass 2008's peak of around 6,200. Most recently, Payless Inc. said it will close hundreds of...

Amazon.com, Inc. (NASDAQ: AMZN) owes part of its success to the fact that it doesn't operate hundreds of physical brick and mortar locations across the country. Operating stores costs money and lots of it between rent, maintenance, salary, insurance, etc. Yet, some Wall Street analysts are making...

Cowen has upgraded Sothebys (NYSE: BID) to Outperform from Market Perform on improving business model and environment, sending its shares to a new 52-week high of $42.66. Analyst's Commentary “We like ongoing modern transformation underway, capital light agency business model, stabilizing...

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 (...

Cowen expects “somewhat benign” results from Costco Wholesale Corporation (NASDAQ: COST) when the membership warehouse operator reports its first-quarter earnings Wednesday. Analyst's Expectations But, the brokerage reiterated its bullish stance on the stock given a powerful assortment...

Cowen’s Oliver Chen believes a large part of the pressure being faced by Lululemon Athletica inc. (NASDAQ: LULU) recently has been driven by fears regarding comps and margin due to higher-than-expected discounting. Chen maintains an Outperform rating on the company, while lowering the price...

Jim Cramer felt it appropriate to wear a Kirkland-branded tie on Friday. For those who aren't familiar, Kirkland is the private label brand of Costco Wholesale Corporation (NASDAQ: COST) and the company just reported a "mighty quarter." Before discussing Costco's earnings, he...

Cowen believes Wal-Mart Stores, Inc. (NYSE: WMT) is all set to regain its dominance in the retail sector. Analysts Oliver Chen and Steven Zaccone think a combination of investments like its Jet.com acquisition and creative integration of its physical and online divisions bodes well for the name....

Cowen reported Vera Bradley, Inc. (NASDAQ: VRA) could report a positive comp in the fourth quarter, driven by product modernization, store update, web launch and marketing newness. The brokerage noted that management believes the biggest catalyst to returning comps to positive territory is traffic...