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Macquarie Adjusts Recommendations On Several Retail Stocks
Friday, October 17, 2014 - 11:06am | 540On Thursday, Macquarie Research analyst Laurent Vasilescu adjusted the investment rating and price targets on multiple retail stocks: Tiffany & Co. (NYSE: TIF) upgraded to Outperform from Neutral; maintained $115 price target. Analysts believe the company will face tailwinds heading into...
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Macquarie Downgrades Nordstrom; Sees Dilution From Trunk Buy
Thursday, October 16, 2014 - 5:16pm | 188Nordstrom, Inc. (NYSE: JWN) could face higher-than expected costs to integrate its recent $350 million acquisition of the menswear retailer Trunk Club even as its expansion of discount Rack outlets cuts into profit margins, an analyst said Thursday. Macquarie's Laurent Vasilescu downgraded the...
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UPDATE: Macquarie Downgrades Lululemon Athletica
Thursday, October 16, 2014 - 3:43pm | 165Macquarie downgraded Lululemon Athletica inc. (NASDAQ: LULU) in a report issued Wednesday from Neutral to Underperform and reduced the price target from $40 to $34. Analysts led by Laurent Vasilescu and Stephanie Wakeham noted "that the company needs to meaningfully ramp up international,...
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UPDATE: Macquarie Upgrades Tiffany & Co.
Thursday, October 16, 2014 - 3:20pm | 134Macquarie upgraded Tiffany & Co. (NYSE: TIF) in a report issued Wednesday from Neutral to Outperform and maintained the price target of $115. Analysts led by Laurent Vasilescu and Stephanie Wakeham noted that they "leverage insights from our global commodities team and believe the...
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UPDATE: Macquarie Downgrades Urban Outfitters Amid Concerns Over More Large Stores
Thursday, October 16, 2014 - 1:52pm | 169Macquarie downgraded Urban Outfitters, Inc. (NASDAQ: URBN) in a report issued Wednesday from Outperform to Neutral and lowered the price target from $43 to $39. Analysts Laurent Vasilescu and Stephanie Wakeham noted that the company "has traded range bound for the last 2 years. Although we...
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UPDATE: Macquarie Downgrades Francesca's
Thursday, October 16, 2014 - 1:38pm | 249Macquarie downgraded Francesca’s Holdings Corp (NASDAQ: FRAN) in a report issued Wednesday from Outperform to Underperform and lowered the price target from $16 to $11. Analysts led by Laurent Vasilescu and Stephanie Wakeham were "particularly concerned with the last five...
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Macquarie Upgrades Nike on International Expansion, Stock Action
Thursday, April 10, 2014 - 3:43pm | 318In a report published Thursday, Macquarie Equities Research analyst Laurent Vasilescu upgraded Nike (NYSE: NKE) from Neutral to Outperform and raised the price target from $80.00 to $84.00 due to international expansion and recent stock action. Vasilescu noted his optimism on Nike's acceleration...