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Morgan Stanley Sees Multiple Challenges Ahead For Coach
Monday, May 19, 2014 - 10:27am | 99In a report published Monday, Morgan Stanley analyst Kimberly C. Greenberger reiterated an Underweight rating and $36.00 price target on Coach (NYSE: COH). In the report, Morgan Stanley noted, “COH's 10-Q confirmed what we feared: North America's gross margin sequentially worsened and given...
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UPDATE: Morgan Stanley Reiterates On J.C. Penney Company On Mixed Factors
Friday, May 16, 2014 - 10:07am | 105In a report published Friday, Morgan Stanley analyst Kimberly C. Greenberger reiterated an Underweight rating on J.C. Penney Company (NYSE: JCP), but removed the $4.00 price target. In the report, Morgan Stanley noted, “JCP 1Q loss better than feared: 6.2% comps handily beat 3.8% consensus and 4%...
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Morgan Stanley Sees Heavy Investment Cycle Clouding Earnings Growth For Nordstrom
Friday, May 16, 2014 - 9:34am | 90In a report published Friday, Morgan Stanley analyst Kimberly C. Greenberger reiterated an Equal-Weight rating on Nordstrom (NYSE: JWN). In the report, Morgan Stanley noted, “JWN delivered 4c upside to consensus 1Q driven by better sales growth, but elevated investments, Rack expansion and...
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Morgan Stanley Sees Encouraging Signs For Urban Outfitters
Monday, May 12, 2014 - 8:55am | 85In a report published Monday, 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, “We are encouraged by early signs of UO assortment adjustments and expect 2H14 upside. eComm...
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Morgan Stanley Expects Smooth 4Q Landing For Michael Kors
Monday, May 12, 2014 - 8:53am | 132In 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, “KORS sales and earnings growth lead the retail sector; we see high estimate achievability. KORS...
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Morgan Stanley Sees Good Things Ahead for The Gap
Thursday, April 17, 2014 - 9:58am | 77In 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, “GPS' investor day showcased solid operating progress and global growth opportunities. We think mgmt is taking appropriate...
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Morgan Stanley Sees Reasons for Caution on Lululemon Athletica
Friday, March 21, 2014 - 10:44am | 131In 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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UPDATE: Morgan Stanley Reiterates on Burlington Stores Following Impressive 4Q Comp
Friday, March 21, 2014 - 9:59am | 160In a report published Friday, Morgan Stanley analyst Kimberly C. Greenberger reiterated an Overweight rating on Burlington Stores (NYSE: BURL), and raised the price target from $29.00 to $32.00. In the report, Morgan Stanley noted, “Burlington is a combined turnaround and debt paydown story. Its...
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Morgan Stanley Expects Conservative Guidance for Tiffany & Co.
Monday, March 17, 2014 - 8:06am | 131In a report published Monday, Morgan Stanley analyst Kimberly C. Greenberger reiterated an Equal-Weight rating on Tiffany & Co. (NYSE: TIF). In the report, Morgan Stanley noted, “Continued uncertainty has likely distracted aspirational TIF consumers causing lower silver sales and resulting in...
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UPDATE: Morgan Stanley Reiterates on Aeropostale as Cash Burn Accelerates
Friday, March 14, 2014 - 10:06am | 88In a report published Friday, Morgan Stanley analyst Kimberly C. Greenberger reiterated an Underweight rating on Aeropostale (NYSE: ARO), but lowered the price target from $6.50 to $6.00. In the report, Morgan Stanley noted, “We believe the Street does not fully understand the magnitude of ARO's...
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UPDATE: Morgan Stanley Reiterates on Urban Outfitters on Position for 2H Upside
Tuesday, March 11, 2014 - 8:34am | 92In a report published Tuesday, Morgan Stanley analyst Kimberly C. Greenberger reiterated an Overweight rating on Urban Outfitters (NASDAQ: URBN), but removed the $46.00 price target. In the report, Morgan Stanley noted, “URBN delivered a 4c beat and stable 4Q GM in the worst retail environment...
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Morgan Stanley Believes Ross Stores' Solid Quarter Demands Attention
Friday, February 28, 2014 - 11:29am | 156In a report published Friday, Morgan Stanley analyst Kimberly C. Greenberger reiterated an Overweight rating and $84.00 price target on Ross Stores (NASDAQ: ROST). In the report, Morgan Stanley noted, “ROST is a secular winner in the battle between moderate Department Stores and Off-Price Retail....
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Morgan Stanley Sees International Growth Ramping Up on L Brands
Friday, February 28, 2014 - 11:15am | 106In a report published Friday, 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, “We think the Street underestimates the company's international growth and EBIT margin expansion...
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Morgan Stanley is Still Waiting for Signs of Turnaround from J.C. Penney
Thursday, February 27, 2014 - 11:23am | 93In a report published Thursday, Morgan Stanley analyst Kimberly C. Greenberger reiterated an Underweight rating and $4.00 price target on J.C. Penney (NYSE: JCP). In the report, Morgan Stanley noted, “Meeting $2B liquidity guidance at year end alleviated fear of another round of capital raise. But...
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UPDATE: Morgan Stanley Upgrades Burlington Stores on Multiple Positive Factors
Tuesday, February 11, 2014 - 11:10am | 100In a report published Tuesday, Morgan Stanley analyst Kimberly C. Greenberger upgraded the rating on Burlington Stores (NYSE: BURL) from Equal-Weight to Overweight, and named a $29.00 price target. In the report, Morgan Stanley noted, “Stretched multiple pressured the stock but 23% YTD pullback is...