Michael Exstein

Macy's, Inc.'s (NYSE: M) plan to reinvest $140 million in annual savings from a restructuring unveiled Thursday may have disappointed investors, who preferred to see it flow to the bottom line. Macy's, which also announced December sales results in line with expectations Thursday,...

Michael Exstein of Credit Suisse reiterated a Neutral rating on Target Corporation (NYSE: TGT) on Wednesday with a price target raised to $63 from $55, after the company's third-quarter results. "Target eked out moderate top-line growth in the U.S. and Canada, but at the cost of continued intense...

In a report published Friday, Credit Suisse analyst Michael Exstein reiterated an Outperform rating and $78.00 price target on Nordstrom, Inc. (NYSE: JWN). In the report, Credit Suisse noted, “Total company comp sales increased 3.9% y/y, helped by Rack comps up 1.7% and Direct sales up 22% y/y,...

In a report published Friday, Credit Suisse analyst Michael Exstein reiterated a Neutral rating and $105.00 price target on Dillard's (NYSE: DDS). In the report, Credit Suisse noted, “Dillard's reported in-line results, but the issue remains a lack of revenue growth. The highlights of Dillard's...

In a report published Thursday, Credit Suisse analyst Michael Exstein reiterated an Underperform rating and $7.00 price target on J C Penney Company Inc (NYSE: JCP). In the report, Credit Suisse noted, “JCP reported mixed results, reflecting progress to date in stabilizing the business but...

In a report published Thursday, Credit Suisse analyst Michael Exstein reiterated an Outperform rating and $60.00 price target on Macy's, Inc. (NYSE: M). In the report, Credit Suisse noted, “While Macy's was not immune to the difficult selling environment, the company exhibited clear control over...

In a research note issued Monday, Credit Suisse suggested looking at Macy's, Inc. (NYSE: M) post-2008 restructuring as a guide for J C Penney Company Inc (NYSE: JCP) cost-cutting initiatives. Analysts Michael Exstein and Charlene Wong estimated that "excluding credit income,...

Analysts at Credit Suisse initiated coverage on Burlington Stores Inc (NYSE: BURL) with a Neutral rating and $36 price target. Michael Exstein finds that Burlington’s "key differentiators from much larger revenue peers TJX and ROST are its "heritage" categories of...

J. C. Penney Company Inc's (NYSE: JCP) recent share-price rally could tempt the company into an equity offering that would improve its cash flow and debt ratio while cutting the company's expected 2014 loss per share. "It could be on the horizon," Credit Suisse's Michael Exstein said in a note. But...

Ross Stores (NASDAQ: ROST) shares gained more than seven percent Friday after beating second-quarter Street views, but analysts were divided on the company's outlook. The nation's third-largest off-price apparel retailer is expanding its square footage even as sales growth slows, Credit...

In a report issued Friday, Credit Suisse upgraded its rating of Nordstrom (NYSE: JWN) from Neutral to Outperform with a target price of $78. With news overnight that Nordstrom will be putting its $2 billion credit card receivables portfolio up for sale, analyst Michael Exstein and his team see...

In a report published Wednesday, Credit Suisse analyst Michael Exstein downgraded the rating on Dillard's (NYSE: DDS) from Outperform to Neutral, but reiterated the $93.00 price target. In the report, Credit Suisse noted, “Since 2009, Dillard's has executed one of the most impressive retailing...

In a report published Thursday, Credit Suisse analyst Michael Exstein maintained Neutral on Target (NYSE: TGT), lowering its price target from $62.00 to $55.00. According to the report, following TGT's difficulty in achieving positive comps in the US in 2013, and tougher than expected conditions...

In a report published Wednesday, Credit Suisse analyst Michael Exstein downgraded the rating on Ross Stores (NASDAQ: ROST) from Outperform to Neutral, but reiterated the $75.00 price target. In the report, Credit Suisse noted, “We continue to view ROST as a great economic business model that...

Department store operator J.C. Penney (NYSE: JCP) will likely see second-quarter sales at a higher rate than the 20 percent witnessed during the first-quarter. According to Market Watch, the company has attempted to overhaul merchandising and pricing, but the efforts have failed to bring in the...