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Target's Challenges 'Look Structural'; Goldman Downgrades To Sell
Thursday, January 19, 2017 - 11:20am | 307Read More...Target Corporation (NYSE: TGT)'s pre-announcement of lower 4Q earnings highlights the company’s long-run challenge, Credit Suisse’s Matthew J. Fassler said in a report. He downgraded the rating on the company from Neutral to Sell, while reducing the price target from $77 to $67....
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Lowe's Dropped From Conviction Buy List On 'Upside, Visibility, And Positioning'
Monday, October 17, 2016 - 8:17am | 333Read More...Goldman Sachs’ Matthew J. Fassler believes industry growth trends in the home improvement retails sector are likely to moderate, “as both housing turnover and sector sales approach long-run average levels.” Fassler maintains a Buy rating on Lowe's Companies, Inc. (NYSE: LOW),...
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Goldman Previews Auto Retailer Earnings, Favors CarMax Over AutoZone
Monday, September 19, 2016 - 9:14am | 480Read More...Following three months of erosion, CarMax, Inc (NYSE: KMX) likely witnessed stable credit metrics in August, in-line with seasonal averages, Goldman Sachs’ Matthew J. Fassler said in a report. On the other hand, AutoZone, Inc. (NYSE: AZO) may have been impacted by unfavorable weather...
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At Home Group Started Neutral At Goldman Sachs
Monday, August 29, 2016 - 9:21am | 311Read More...Goldman Sachs’ Matthew J. Fassler called At Home Group Inc (NYSE: HOME) a “unique growth retail concept.” Fassler initiated coverage of the company with a Neutral rating and price target of $17. Unique Concept The analyst believes the business concept “blends fast-fashion...
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Restoration Hardware Shares Added To Goldman's 'Conviction Buy' List, Upgraded
Friday, August 19, 2016 - 7:43am | 351Read More...Restoration Hardware Holdings Inc (NYSE: RH) is “in the unique position of operating a potent franchise with low current expectations” as well as “idiosyncratic business drivers,” Goldman Sachs’ Matthew J. Fassler said in a report. He upgraded the rating on the...
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Goldman Cuts Price Objective On Target From $75 To $71
Thursday, August 18, 2016 - 7:15am | 318Read More...Target Corporation (NYSE: TGT) still seems to be struggling with a slowdown in traffic, and top-line challenges. Goldman Sachs’ Matthew J. Fassler maintained a Neutral rating on the company, while reducing the price target from $75 to $71. Analyst Fassler expressed concerns regarding the...
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Goldman Sachs Downgrades Wayfair To Neutral, Removes From Americas Buy List
Wednesday, August 10, 2016 - 9:59am | 337Read More...Wayfair Inc (NYSE: W) shares have declined 4 percent since the beginning of February, as compared to the 14 percent rise in the S&P and the 10 percent increase in the S&P Retail Index. Goldman Sachs’ Matthew J. Fassler downgraded the rating on the company from Buy to Neutral,...
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Goldman Cuts Target On Restoration Hardware From $45 To $37 Following Earnings
Thursday, June 9, 2016 - 9:27am | 228Read More...Restoration Hardware Holdings Inc (NYSE: RH) shares plunged 14 percent in after-hours trading, following the company’s earnings report and outlook reduction. Goldman Sachs’ Matthew J. Fassler maintained a Natural rating for the company, while slashing its price target from $45 to $37...
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Costco Upgraded By Goldman Sachs On Higher Estimates
Wednesday, June 1, 2016 - 8:17am | 253Read More...Costco Wholesale Corporation (NASDAQ: COST) shares are down 9 percent year-to-date. Goldman Sachs’ Matthew J. Fassler upgraded the rating for the company to Buy, while raising the price target from $169 to $175. The analyst commented that the company has high-visibility catalysts for 2017,...
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Goldman Sachs Still Concerned About Target, Cuts Forecasts
Friday, May 20, 2016 - 9:43am | 289Read More...Target Corporation (NYSE: TGT) delivered a 1Q EPS beat. Goldman Sachs’ Matthew J. Fassler maintained a Neutral rating for the company, while reducing the price target from $85 to $75. The analyst commented that secular challenges were weighing on the company’s fundamentals. All...
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Goldman Liked Michaels Cos. Strong Runup
Friday, May 6, 2016 - 10:06am | 280Read More...Michaels Companies Inc (NASDAQ: MIK)'s stock has appreciated 37 percent since January 21, as compared to the 9 percent increase in the S&P Retail Index. Goldman Sachs’ Matthew J. Fassler downgraded the rating on the company from Buy to Neutral, while maintaining the price target at $30....
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Goldman Upgrades Advance Auto Parts To Buy, Sees A 'Unique Opportunity'
Friday, May 6, 2016 - 9:20am | 258Read More...Advance Auto Parts, Inc. (NYSE: AAP) named Tom Greco as CEO in April. Mr. Greco comes with 30 years of experience working at PepsiCo, Inc. (NYSE: PEP). Goldman Sachs’ Matthew J. Fassler upgraded the rating for Advance Auto Parts from Neutral to Buy, with a price target of $181, expressing...
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Lumber Liquidators Shares Tumble As Goldman Cuts To Sell
Thursday, December 17, 2015 - 9:17am | 308Read More...Shares of Lumber Liquidators Holdings Inc (NASDAQ: LL) plunged more than 5 percent during the premarket session on December 17. Goldman Sachs’ Matthew J. Fassler downgraded the rating on the company from Neutral to Sell, while maintaining the price target at $13. The current stock...
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Goldman On Lumber Liquidators: 'Sentiment Is Highly Skeptical'
Thursday, March 5, 2015 - 12:27pm | 298Read More...Goldman Sachs cut its price target on Lumber Liquidators Holdings Inc (NYSE: LL) Thursday from $60 to $40 and maintained a Buy rating. Analysts, led by Matthew J. Fassler, explained that the estimates and price target were cut to reflect the "poor publicity on LL's business."...
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UPDATE: Goldman Sachs Downgrades AutoZone as Stock Approaches Target
Tuesday, November 26, 2013 - 12:13pm | 157Read More...In a report published Tuesday, Goldman Sachs analyst Matthew J. Fassler downgraded the rating on AutoZone (NYSE: AZO) from Buy to Neutral, but raised the price target from $470.00 to $500.00. In the report, Goldman Sachs noted, “We remove AZO from the Buy List, and rate the shares Neutral. The...
