Lamrite

Credit Suisse has upgraded Michaels Companies Inc (NASDAQ: MIK) to Outperform from Neutral, saying that the recent pull-back in the stock offers a favorable risk/ reward. The brokerage said the company has set a lower bar for second half, with potential for comps/margins to improve after a somewhat...

Shares of Michaels Companies Inc (NASDAQ: MIK) fell more than 2.5 percent on soft first-quarter results. But, Deutsche Bank is still bullish on the stock, saying that the trends should improve. Analyst Mike Baker offered three key takeaways on the first quarter report. 1. 'What Caused 1Q Comps To...