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UPDATE: Morgan Stanley Reiterates On Aeropostale As Turnaround Is Increasingly Unlikely
Friday, August 22, 2014 - 9:36am | 134In a report published Friday, Morgan Stanley analyst Kimberly C. Greenberger reiterated an Underweight rating on Aeropostale (NYSE: ARO), but lowered the price target from $3.00 to $2.50. In the report, Morgan Stanley noted, “We estimate ARO burned ~$41M during 2Q, driven by 1) $33M operating cash...
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2 Analysts Weigh In On Coach's Outlook
Wednesday, August 6, 2014 - 3:13pm | 277Coach's (NYSE: COH) second-quarter same-store sales drop of 17 percent and its $132 million charge for inventory "realignment" and store closings helped keep analysts on the sidelines Wednesday. Citi's Oliver Chen said he's "most encouraged" by the decline in...
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Morgan Stanley Does Not Expect 4Q To Serve As Catalyst For Coach
Monday, July 21, 2014 - 9:49am | 85In a report published Monday, Morgan Stanley analyst Kimberly C. Greenberger reiterated an Underweight rating and $29.00 price target on Coach (NYSE: COH). In the report, Morgan Stanley noted, “We do not expect 4Q to serve as a catalyst, as investors focus on FY15/16 investment years. While we...
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Morgan Stanley Sees Pullback As Overdone For Michael Kors
Monday, July 21, 2014 - 9:46am | 92In a report published Monday, Morgan Stanley analyst Kimberly C. Greenberger reiterated an Overweight rating and $105.00 price target on Michael Kors (NYSE: KORS). In the report, Morgan Stanley noted, “Concerns of increased promotions left investors wondering if KORS' US demand stalled, driving the...
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Morgan Stanley Sees Little Room For Activism For ANN
Monday, July 14, 2014 - 8:56am | 109In a report published Monday, Morgan Stanley analyst Kimberly C. Greenberger reiterated an Equal-Weight rating on ANN (NYSE: ANN). In the report, Morgan Stanley noted, “Over the past 7 years, management has delivered across many value creating opportunities: store fleet rationalization, reducing...
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Morgan Stanley Feels More Positive On The Gap Following Management Meeting
Thursday, June 26, 2014 - 9:59am | 82In a report published Thursday, Morgan Stanley analyst Kimberly C. Greenberger reiterated an Equal-Weight rating on The Gap (NYSE: GPS). In the report, Morgan Stanley noted, “Following a management meeting with CEO Glenn Murphy and our China Field Trip, we are incrementally more positive on GPS'...
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UPDATE: Morgan Stanley Reiterates On Coach Following Analyst Day
Friday, June 20, 2014 - 9:12am | 167In a report published Friday, Morgan Stanley analyst Kimberly C. Greenberger reiterated an Underweight rating on Coach (NYSE: COH), but lowered the price target from $36.00 to $29.00. In the report, Morgan Stanley noted, “COH's cash burn is primarily driven by 1) Reduced earnings outlook (MS est $...
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Morgan Stanley Sees Multiple Challenges Ahead For Lululemon Athletica
Friday, June 13, 2014 - 9:13am | 126In a report published Friday, Morgan Stanley analyst Kimberly C. Greenberger reiterated an Equal-Weight rating on Lululemon Athletica (NASDAQ: LULU). In the report, Morgan Stanley noted, “Lululemon's unique brand positioning and fashionable product offering have allowed it to dominate the North...
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Morgan Stanley Sees Standout Quarter For Burlington Stores
Wednesday, June 11, 2014 - 9:22am | 91In a report published Wednesday, Morgan Stanley analyst Kimberly C. Greenberger reiterated an Overweight rating and $32.00 price target on Burlington Stores (NYSE: BURL). In the report, Morgan Stanley noted, “BURL beat 1Q expectations and reiterated full year guidance. Gross margin expansion y/y...
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UPDATE: Morgan Stanley Reiterates On Urban Outfitters On In-Line 2QTD Comps
Tuesday, June 10, 2014 - 10:11am | 120In a report published Tuesday, Morgan Stanley analyst Kimberly C. Greenberger reiterated an Overweight rating on Urban Outfitters (NASDAQ: URBN), but removed the $44.00 price target. In the report, Morgan Stanley noted, “Flattish 2QTD comp, in-line with MS and the Street: We think UO's comp...
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Morgan Stanley Feels Confident In L Brands Following Management Meetings
Monday, June 2, 2014 - 8:42am | 87In a report published Monday, Morgan Stanley analyst Kimberly C. Greenberger reiterated an Overweight rating and $66.00 price target on L Brands (NYSE: LB). In the report, Morgan Stanley noted, “Our meetings highlighted management's excitement and confidence in LB's global growth potential. Int'l...
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Morgan Stanley Sees Full Valuation For Abercrombie & Fitch
Friday, May 30, 2014 - 9:37am | 146In a report published Friday, Morgan Stanley analyst Kimberly C. Greenberger reiterated an Equal-Weight rating on Abercrombie & Fitch (NYSE: ANF). In the report, Morgan Stanley noted, “The next few years should prove whether ANF is a rebounding global brand that deserves a mid-teens multiple...
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Morgan Stanley Sees Market Confusion Creating Buying Opportunity For Michael Kors
Friday, May 30, 2014 - 9:25am | 132In a report published Friday, Morgan Stanley analyst Kimberly C. Greenberger reiterated an Overweight rating and $105.00 price target on Michael Kors (NYSE: KORS). In the report, Morgan Stanley noted, “KORS sales and earnings growth lead the retail sector; we see high estimate achievability. KORS...
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Morgan Stanley Sees Michael Kors Poised For Long-Term Growth
Thursday, May 29, 2014 - 10:29am | 132In a report published Thursday, Morgan Stanley analyst Kimberly C. Greenberger reiterated an Overweight rating and $105.00 price target on Michael Kors (NYSE: KORS). In the report, Morgan Stanley noted, “KORS sales and earnings growth lead the retail sector; we see high estimate achievability....
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Morgan Stanley Foresees Urban Outfitters Coming Of Age In 2H14
Tuesday, May 20, 2014 - 9:36am | 90In a report published Tuesday, Morgan Stanley analyst Kimberly C. Greenberger reiterated an Overweight rating and $44.00 price target on Urban Outfitters (NASDAQ: URBN). In the report, Morgan Stanley noted, “URBN's disappointing 2Q forward-looking commentary drove shares down 4.7% after-market....