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Coach Hits Year-Low; Analysts Skeptical Of Restructuring Plan
Friday, June 20, 2014 - 12:07pm | 383Read More...Coach's (NYSE: COH) plan to shut 20 percent of its stores and upgrade the rest received uniformly dour reviews on Wall Street, as shares hit a low for the year on Friday. Coach on Thursday unveiled related restructuring charges of up to $300 million and said same-store sales were likely to...
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UBS Says Under Armour Has 'Right Growth Algorithm'
Thursday, May 22, 2014 - 4:34pm | 219Read More...In a report published Wednesday, UBS analyst Michael Binetti maintained a Neutral rating and $53.00 price target on Under Armour (NYSE: UA) following recent meetings with management. In his “Notes from the Road,” Binetti wrote, “In coming years, we believe UA has the right growth algorithm with...
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J.C. Penney Turnaround Still A Ways Off
Friday, May 16, 2014 - 11:02am | 524Read More...Shares of J.C. Penney (NYSE: JCP) jumped higher after the company reported better-than-expected results on Thursday. Net sales of $2.80 billion were reported for the quarter, up six percent compared to $2.64 billion in Q1 of 2014. JC Penney also saw an increase of 6.2 percent in same-stores...
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J.C. Penney Earnings Preview: Is The Turnaround On Track?
Thursday, May 15, 2014 - 6:33am | 863Read More...J.C. Penney (NYSE: JCP) will report its first quarter 2014 results on Thursday morning. Analysts are expecting the retailer to post a net loss of $1.25 per share on revenue of $2.71 billion. J.C. Penney reported its fourth quarter 2013 results on February 26. Shares surged higher by more than...
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UPDATE: JC Penney Shares Rise 4% Following UBS Upgrade
Wednesday, May 7, 2014 - 9:14am | 129Read More...In Wednesday's morning summary UBS analyst Michael Binetti upgraded JC Penney Company (NYSE: JCP) from Sell to Neutral and raised the price target from $4.00 to $9.00. The main takeaway from Binetti's report this morning was that he believes, "JC Penny has less 'miss and lower' risk on same-store...
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J.C. Penney Share Price Falls Wednesday, Rises Thursday
Thursday, January 9, 2014 - 12:45pm | 621Read More...In a mere two paragraph-long statement entitled, “Comments on Holiday Performance,” J.C. Penney (NYSE: JCP) didn’t have much to say. The market did, with JCP shares closing down more than 10 percent on the day Wednesday, closing at $7.37, off by $0.82. In the statement, the company said it...
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UPDATE: UBS Upgraded Kohl's on New Strategy
Monday, November 4, 2013 - 10:22am | 184Read More...In a report published Monday, UBS analyst Michael Binetti upgraded Kohl's Corp. (NYSE: KSS) from Neutral to Buy and raised the price target from $54 to $69. Binetti noted that UBS had concerns regarding Kohl's merchandise and inventory strategy since its initiation in April 2012. The analyst...
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UPDATE: UBS Investment Research Upgrades Kohl's on Improved 2014 Strategy
Monday, November 4, 2013 - 10:15am | 197Read More...In a report published Monday, UBS Investment Research analyst Michael Binetti upgraded the rating on Kohl's (NYSE: KSS) from Neutral to Buy, and raised the price target from $54.00 to $69.00. In the report, UBS Investment Research noted, “We're more confident that a multifaceted turnaround...
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UBS Maintains Neutral Rating On Coach, Inc. (COH)
Tuesday, April 20, 2010 - 3:41pm | 96Read More...Analyst Michael Binetti at UBS has released an update on Coach, Inc. (NYSE: COH). Earlier today, Coach, Inc. reported its third-quarter results. The company reported EPS of $0.50 in its third-quarter, which was slightly higher than analysts’ estimate of $0.47 and consensus of $0.46. The company...
