Christopher & Banks Corporations

According to Sterne Agee, Christopher & Banks Corporation (NYSE: CBK) pre-announced greater loss than projected in 4Q. Sterne Agee reported that CBK released preliminary results for the 4Q (end February). “The company expects its sales to be in the area of $99.6 million (we had been projecting...

Sterne Agee reiterates Neutral Rating but is adjusting Price Target with a Low Valuation Noted on Christopher & Banks Corporations (NYSE: CBK). CBK current valuation appears to limit any downside with cash as a percentage of market value at 48% and its FCF yield well above their peer group....