Lorraine Hutchinson

Gap Inc (NYSE: GPS) shares are up 16.9% since the company announced an exclusive 10-year deal with Kanye West’s Yeezy brand in late June. However, one Wall Street analyst says Gap needs more than just Yeezy to overcome its near-term headwinds. The Gap Analyst: Bank of America analyst...

Multiple department stock stocks are down around 60% since the start of 2020, but differentiated stores like Kohl's Corporation (NYSE: KSS) have upside potential moving forward, according to BofA Securities. The Kohl's Analyst: Lorraine Hutchinson upgraded Kohl's from Neutral to Buy...

Stocks that trade under $5 per share are often referred to as penny stocks. Many penny stocks trade for literal pennies (or less) on the OTC market, but there are plenty of penny stocks that trade on major exchanges as well. The Nasdaq and NYSE require all stocks listed on their exchanges to...

CNBC reported last week that Macy's Inc (NYSE: M) was looking to issue as much as $5 billion in debt, backed by around $3 billion in inventory and between $1 billion and $2 billion of real estate. Given the massive decline in Macy’s sales, the move to seek additional financing to...

Macy's Inc (NYSE: M) announced Tuesday its CFO and Executive Vice President Paula Price will leave the company and this transition adds another layer of "uncertainty" at an already "turbulent period," according to BofA Securities. The Macy's Analyst Lorraine Hutchinson...

High-end department store chain Nordstrom, Inc. (NYSE: JWN) reported a top- and bottom-line miss in its fourth-quarter earnings while management's outlook also fell short of expectations. Here is a summary of how some of the Street's top analysts reacted to the print. The Nordstrom Analysts...

The retail sector has been a minefield for investors in the past several years as traditional brick-and-mortar companies attempt to fend off online competition from Amazon.com, Inc. (NASDAQ: AMZN) and others. In fact, the SPDR S&P Retail (NYSE: XRT) is down 8% overall in the past five years....

Bank of America no longer holds a bullish stance on Kohl's Corporation (NYSE: KSS) after the retailer reported holiday period comparable sales fell 0.2% year over year. The Analyst Lorraine Hutchinson downgraded Kohl's from Buy to Neutral with a price target lowered from $55 to $50. The...

Mall retailer L Brands Inc (NYSE: LB) has multiple levers at its disposal to improve the business and add value to investors, according to Bank of America. The Analyst Lorraine Hutchinson upgraded L Brands from Neutral to Buy with a price target lifted from $21 to $25. The Thesis L Brands'...

Gap Inc (NYSE: GPS) shares are moving higher one day after reporting a third-quarter earnings beat, despite seeing all three of its main segments deliver negative comps. Wells Fargo With Gap’s third-quarter outlook and CEO departure pre-announced earlier in the month, analyst Ike...

Nordstrom, Inc. (NYSE: JWN) reported better-than-expected third-quarter results, but analysts are mixed if this marks the start of a sustainable period of growth. The Analysts KeyBanc Capital Markets analyst Edward Yruma maintains an Overweight rating on Nordstrom's stock with a $48 price...

L Brands Inc (NYSE: LB) hosted an analyst day this week, and much of the focus was on the embattled Victoria’s Secret brand. The company provided a longer-term goal for the brand to achieve 10-15% operating margins. BofA Stays Sidelined  The margin goal is unrealistic given changes in...

Nordstrom, Inc. (NYSE: JWN) reported second-quarter results, which were interpreted differently by three Street analysts. The Analysts Bank of America analyst Lorraine Hutchinson maintains an Underperform rating on Nordstrom with a price target lowered from $32 to $29. Wedbush analyst Jen Redding...

Urban Outfitters, Inc. (NASDAQ: URBN) reported a second-quarter earnings beat and 5% comp growth at the core Urban Outfitters brand while Free People and Anthropologie comps were up 6% and 3%, respectively. Here is a summary of how some of the Street's top analysts reacted to the print. Wells...

Off-price retailer TJX Companies Inc (NYSE: TJX) reported second-quarter results Tuesday that were notable for EPS at the high end of guidance and comps that fell short of Street estimates. Here's how the Street reacted.  The Analysts Bank of America Merrill Lynch analyst...