-
Dillard's To Cut Debt, Buy Stock -Credit Suisse
Wednesday, September 28, 2016 - 9:46am | 289Read More...Credit Suisse has upgraded Dillard's, Inc.(NYSE: DDS) to Outperform with a target price of $70 on the company's decade-long consistency in capital allocation. "While we do not expect a significant improvement in reported profitability, we believe the company will continue to reduce overall debt and...
-
Macy's In 'Execution Phase' After Announcing Growth Plan; Credit Suisse Downgrades Stock
Wednesday, September 28, 2016 - 7:49am | 368Read More...After Macy's Inc (NYSE: M) outlined its operations and merchandising strategies in August, Credit Suisse’s Michael Exstein believes the company is now in the execution phase. Exstein downgraded the rating on the company to Neutral, with a price target of $40. Execution Phase...
-
Credit Suisse Downgrades Bon-Ton Stores, Cites Recent Share Outperformance
Friday, April 15, 2016 - 9:21am | 248Read More...Bon-Ton Stores Inc (NASDAQ: BONT) shares have jumped 10 percent since April 8. Credit Suisse’s Michael Exstein downgraded the rating for the company from Neutral to Underperform, while reducing the price target from $2 to $1.50. Unjustified Share Outperformance Analyst Michael Exstein...
-
Nordstrom: Credit Suisse's Department Store MVP?
Thursday, March 17, 2016 - 10:59am | 255Read More...Credit Suisse's Michael Exstein maintained a Neutral rating for Nordstrom, Inc. (NYSE: JWN), with a price target of $55. He believes the company is the best positioned to compete for emerging brands. “We have compiled a proprietary list of "MVP" malls ("Most Valuable...
-
JC Penney Met With The Sell-Side: Here's What Happened
Tuesday, March 1, 2016 - 5:59pm | 360Read More...J C Penney Company Inc (NYSE: JCP)’s CEO Marvin Ellison and CFO Edward Record met with the sell side on Monday. After the meeting, Credit Suisse analysts Michael Exstein and Anjani Vedula reiterated a Neutral rating and $7.00 price target on the stock, and shared some takeaways from the...
-
Target's Analyst Day Is Almost Here: What To Know
Thursday, February 25, 2016 - 12:11pm | 340Read More...Jefferies' Daniel Binder has maintained a Hold rating on Target Corporation (NYSE: TGT) with a price target of $78.00, while Credit Suisse's Michael Exstein has also maintained a Neutral rating with a price target of $72.00. Upbeat Analyst Day Likely "As we reflect on a lot of...
-
Wal-Mart Joins The 'Dogs Of The Dow' For First Time Since DJIA Inclusion In 1997
Monday, February 8, 2016 - 12:09pm | 450Read More...According to a Credit Suisse note by Michael Exstein, Wal-Mart Stores, Inc. (NYSE: WMT) has recently hit a significant milestone – one that it hasn't experienced in almost 20 years of being on the DJIA. "This is the first year that Walmart has made the ‘Dogs of the Dow...
-
Costco Is Credit Suisse's Top 2016 Pick In Retail
Monday, February 1, 2016 - 2:36pm | 309Read More...Credit Suisse recently issued its 2016 Outlook, naming Costco Wholesale Corporation (NASDAQ: COST) as top stock in the retail industry. Michael Exstein and Anjani Vedula, analysts at Credit Suisse, wrote, "With its singular focus on its one format anchored by its membership model, COST continues...
-
Credit Suisse Upgrades JC Penney To Neutral
Friday, January 29, 2016 - 8:59am | 317Read More...J C Penney Company Inc (NYSE: JCP) shares have lost 26 percent since October 29. Credit Suisse’s Michael Exstein upgraded the rating for the company from Underperform to Neutral, with a price target of $7. The company has shifted its focus to what it can control, and has made debt...
-
Credit Suisse's Top 10 Consumer Discretionary Stocks: J M Smucker Out, Kellogg In
Tuesday, December 8, 2015 - 9:46am | 772Read More...The consumer discretionary sector has been one of the market’s brightest sectors in 2015, and the Consumer Discretionary SPDR (ETF) (NYSE: XLY) has gained 11.5 percent versus the S&P 500’s 0.7 percent gain year-to-date. For the first time in two months, Credit Suisse analysts have...
-
Macy's Crashed Following Its Troubled Outlook: Are Analysts Bullish?
Thursday, November 12, 2015 - 11:43am | 1102Read More...Shares of Macy's, Inc. (NYSE: M) plummeted to new 52-week lows of $39.75 on Wednesday after the company reported a downbeat third quarter and also lowered its full year outlook. Macy's stock hasn't dipped below the $40 per share mark since February 2013. With shares trading...
-
Credit Suisse Cuts Wal-Mart To Neutral Following 'The Great Reset'
Thursday, October 15, 2015 - 8:36am | 346Read More...Wal-Mart Stores, Inc. (NYSE: WMT) shares have plummeted 31 percent year-to-date, and are trading at their 52-week lows of around $60. Credit Suisse’s Michael Exstein downgraded the rating on the company from Outperform to Neutral, while reducing the price target from $85 to $62. The...
-
The Day After: 3 Top Analysts Recap JC Penney's Q1 Print
Thursday, May 14, 2015 - 9:44am | 462Read More...J C Penney Company Inc (NYSE: JCP) reported its first quarter results on Wednesday after market close. Here is a recap of what three of Wall Street's top retail analysts had to say. Credit Suisse: JC Penney Continued To Make Progress Michael Exstein commented in a note that JC Penney...
-
Credit Suisse Sees Macy's As Focused On Accelerated Growth
Wednesday, February 25, 2015 - 8:22am | 157Read More...In a report published Wednesday, Credit Suisse analyst Michael Exstein reiterated an Outperform rating and $68.00 price target on Macy's, Inc. (NYSE: M). In the report, Credit Suisse noted, "Macy's delivered a modest beat on earnings, but having preannounced twice, in many ways the actual numbers...
-
Credit Suisse: Nordstrom Card Portfolio Sale To Net $1.3 Billion
Tuesday, January 27, 2015 - 4:36pm | 200Read More...Nordstrom, Inc. (NYSE: JWN) is likely to benefit from the pending sale of its $2.2 billion portfolio of credit card receivables and use proceeds to buy back shares, an analyst said Tuesday. Credit Suisse's Michael Exstein boosted his target on the department store company by 9 percent to $...
