CLSA

Mastercard Inc (NYSE: MA) is looking to regain market share in the UK after its acquisition of VocaLink. The company acquired VocaLink, a real time payment processor, earlier in the year for $900 million to cut into Visa's dominance in the Commonwealth. Over the past decade, MasterCard'...

Chris Spahr of CLSA said the declining card growth at Capital One Financial Corp. (NYSE: COF) is good as it reduces provision headwinds. Capital One's US card loan growth has been decelerating slightly each of the past five months, falling from a high of 14.2 percent year-over-year growth...

Coverage on GATX Corporation (NYSE: GATX) was initiated by CLSA with an Underperform rating and $45 price target. CLSA cited weak industry fundamentals that are "likely to deteriorate further over several quarters as slow freight traffic and an oversupply of railcars negatively impact...

CLSA initiated PACCAR Inc (NASDAQ: PCAR) with an Outperform rating and $65 price target. The firm believes the fundamentals of a deteriorating North American truck market are already discounted by the markets. Additionally, analyst Kristine Kubacki believes the North American truck market is...

CLSA started coverage of Ryder System, Inc. (NYSE: R) with a Buy rating and $80 price target, saying the cyclical headwinds will abate between second half of 2016 and 2017. "We believe the outsourcing story still is under-appreciated and will only gain momentum and focus by investors and...

CLSA initiated coverage on Allison Transmission Holding Inc (NYSE: ALSN) with an Outperform Rating and $31 target price. Allison is a " op-quality company facing choppy end market," according to analyst Kristine Kubacki. Monitoring end market inventory levels, Kubacki claimed that...

CLSA started coverage of Oxford Industries Inc (NYSE: OXM) with an Outperform rating and $78 price target as its underpenetrated brands should drive mid- to high-single-digit EPS growth. Key reasons for the bullish thesis on Oxford include the strong momentum of Lilly Pulitzer that should drive...

CLSA initiated Kate Spade & Co ( (NYSE: KATE) with an Outperform rating and $21 price target. The view is based on expectations that the company would be the fastest-growing player in accessories, given its small global footprint and underpenetrated wholesale channel. Analyst Rick Patel...

CLSA initiated coverage of Michael Kors Holdings Ltd (NYSE: KORS) with a Sell rating and price target of $45 as it sees lack of major drivers to boost sales given its biggest markets near maturity. "Estimates and guidance for FY17 (current year) appear achievable, but we think the Street...

CLSA started coverage of Carter's, Inc. (NYSE: CRI) with an Underperform rating and $95 target price, citing signs of emerging structural issues, especially cannibalization and channel conflict. Carter's store productivity took a hit due to e-commerce, which is growing double digits and...

CLSA sees multiple factors helping Tiffany & Co. (NYSE: TIF) to gain in the upcoming period though they wouldn't be as glittering as the firm would have liked it to be. However, low expectations from the specialty retailer would make the stock to shine following a year and half of...

CLSA initiated coverage on Signet Jewelers (NYSE: SIG) with an Outperform rating and an $87 target price. Analyst Rick Patel cites three key reasons for his positive rating: He sees the potential sale of Signet's credit portfolio or the company finding a potential partner as a potential...