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UBS Previews Lululemon Earnings: Concerned With 'Very Tough' Comps, Slower Athletic Industry Trends
Tuesday, June 7, 2016 - 3:33pm | 302Read More...UBS analysts, Michael Binetti and Janice Ong, were concerned with very tough comparisons and slower athletic industry trends to have its effect on Lululemon Athletica inc. (NASDAQ: LULU) ahead of its quarterly numbers. As a result, it maintained a Neutral rating and a price target of $69.00 on...
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UBS Trims Ross Stores Estimates, Target Price; Sees Near-Term Comp, Margin Pressures
Friday, May 20, 2016 - 1:40pm | 687Read More...UBS has cut the estimates and price target of Ross Stores, Inc. (NASDAQ: ROST) after an execution misstep resulted in the retailer reporting lower-than-expected comp for the first quarter. 'Wardrobe Malfunction' In Women's Ross Stores said a "merchandise assortment mishap with women's apparel" led...
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Gap Closing Stores, But There's No Catalyst
Friday, May 20, 2016 - 10:17am | 270Read More...Although Gap Inc (NYSE: GPS) reported its 1Q EPS in line with expectations, the company withdrew its FY16 EPS guidance. UBS’s Michael Binetti maintains a Sell rating on the company, while lowering the price target from $18 to $16. 1Q And Updates Binetti mentioned that Gap reported its 1Q EPS...
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JC Penney Isn't Doing Enough; UBS Maintains Sell Rating
Monday, May 16, 2016 - 11:00am | 262Read More...Similar to other departmental stores, same-store sales at J C Penney Company Inc (NYSE: JCP) significantly slowed in 1Q, with transactions and AUR both turning negative. UBS’ Michael Binetti maintains a Sell rating on the company, while lowering the price target from $8 to $7. Same-Store...
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Most Analysts Raising Targets On Lululemon Following Q4 Results
Thursday, March 31, 2016 - 12:41pm | 414Read More...Many Street analysts have raised the price target on Lululemon Athletica inc. (NASDAQ: LULU) shares following strong fourth quarter results, which topped Street's view. The apparel retailer reported earnings of $0.85 per share, $0.05 above the Street's consensus. Revenue of $704.28...
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UBS Still Selling JCPenney, Stock Jumps 3.75%
Monday, February 29, 2016 - 11:54am | 263Read More...UBS' Michael Binetti maintained a Sell rating on J C Penney Company Inc (NYSE: JCP), while raising the price target from $7 to $8. The company reported robust 4Q results, despite several headwinds, with the EBITDA meaningfully beating expectations and same store sales rising more than expected....
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UBS Maintains Buy On Nordstrom Ahead Of Q4 Earnings
Wednesday, February 17, 2016 - 1:59pm | 219Read More...UBS issued a report on Nordstrom, Inc. (NYSE: JWN) ahead of the company's Q4 earnings announcement on Thursday. UBS maintained its Buy rating and lowered their price target from $63 to $58. Analysts Michael Binetti and Kaitlyn Walsh wrote, "We believe tourism, and sluggish spending...
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JC Penney's Long-Term Headwinds Might Just Be Too Bad
Monday, August 17, 2015 - 9:29am | 572Read More...Shares of J C Penney Company Inc (NYSE: JCP) were trading higher during Monday's pre-market session despite bearish research notes issued by analysts at Morgan Stanley and UBS following its second-quarter print last week. Morgan Stanley: Encouraged By Progress, 2016 And Beyond A Question...
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UBS Weighs In On Nike's Earnings Beat
Friday, June 26, 2015 - 11:06am | 346Read More...Nike Inc (NYSE: NKE) reported better than expected fourth quarter earnings Thursday. Revenue for the quarter rose 5 percent year-over-year to $7.8 billion above analysts' expectations of $7.69 billion, while EPS rose 26 percent to $0.98 topping consensus estimates of $0.83. Michael Binetti...
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UBS Reviews JC Penney's Earnings, Maintains Sell Rating
Thursday, May 14, 2015 - 3:39pm | 324Read More...In a report published Thursday, UBS analyst Michael Binetti reviewed J C Penney Company Inc (NYSE: JCP)'s first quarter results which were released on Wednesday. According to Binetti, sales is the only line that will "definitely bolster confidence" in the long-term EBITDA recovery...
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Here's Why Under Armour's 'Scarcity Value' Could Further Increase In 2015
Thursday, February 5, 2015 - 11:09am | 233Read More...Michael Binetti of UBS on Thursday commented in a note that Under Armour Inc's (NYSE: UA) shares are positioned between two "walls of worry" for investors: 1) the apparel industry is seeing "sluggish growth" and 2) while foreign exchange volatility remains a main concern...
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UBS Comments On Ralph Lauren: Foreign Exchange Matters, Cycle Update Matters More
Monday, February 2, 2015 - 11:28am | 221Read More...Michael Binetti of UBS on Monday commented in a note that Ralph Lauren Corp's (NYSE: RL) foreign exchange matters to the investment community, but its investment cycle update matters more. Binetti expects Ralph Laurn to pre-guide its fiscal 2016 when it reports its third-quarter results. In...
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JC Penney Shares Jump Despite UBS Downgrade
Monday, October 13, 2014 - 12:59pm | 260Read More...UBS downgraded J C Penney Company Inc (NYSE: JCP) on Monday from Neutral to Sell and lowered the price target from $10 to $5. Analyst Michael Binetti commented that "JCP's target of $1.2B in EBITDA by 2017 (based on 3 straight years of +5.4 percent SSS growth & flat SG&A...
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UPDATE: UBS Downgrades JC Penney Amid Merchandise Concerns
Monday, October 13, 2014 - 8:50am | 113Read More...UBS on Monday downgraded J C Penney Company Inc (NYSE: JCP) from Neutral to Sell and lowered the price target from $10 to $5. Analyst Michael Binetti was concerned that the company demonstrated a lack of "merchandise newness" at the October 8 analyst day. The stock has fallen 23.27...
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UBS Trims EPS Estimates On Macy's Following Q2 Earnings
Thursday, August 14, 2014 - 1:55pm | 70Read More...In a note released Thursday, UBS analyst Michael Binetti cut his 2014 and 2015 EPS estimate for Macy's (NYSE: M) from $4.49 and $5.00 to $4.43 and $4.94, respectively. Binetti explained the reduction to 2014 EPS estimates was due to the company's $0.06 miss in the second quarter and not...
