-
Dick's Q2 Results Fuel The 2017 Bull Case
Wednesday, August 17, 2016 - 9:06am | 363Read More...Dicks Sporting Goods Inc (NYSE: DKS) reported strong Q2 results, surpassing the already elevated expectations. Morgan Stanley’s Simeon Gutman maintains an Equal-Weight rating on the company, while raising the price target from $44 to $54. Strong Q2 The company reported comps of 2.8 percent...
-
3 Issues Morgan Stanley Sees With Bed Bath & Beyond's Earnings
Thursday, June 23, 2016 - 9:32am | 363Read More...Bed Bath & Beyond Inc. (NASDAQ: BBBY) reported its 1Q results, with the EPS missing expectations, driven by worse comps. Morgan Stanley’s Simeon Gutman maintains an Underweight rating on the company, with a price target of $40. Weak 1Q Gutman mentioned this was the company’s weakest...
-
3 Pillars Make Lowe's A Top Investment Idea For Morgan Stanley
Monday, June 6, 2016 - 8:47am | 349Read More...Morgan Stanley’s Simeon Gutman believes Lowe's Companies, Inc. (NYSE: LOW) “offers a compelling mix of top-line and margin visibility in an increasingly choppy retail backdrop,” and mentioned that the company was one of Morgan Stanley's "Top Investment Ideas." Gutman maintains...
-
For Advance Auto Parts, Is This The 'New New Turnaround'?
Friday, May 20, 2016 - 8:17am | 277Read More...With business performing below expectations, Advance Auto Parts, Inc. (NYSE: AAP) has projected a comps decline of 3-5 percent for 2016. Morgan Stanley’s Simeon Gutman maintained an Overweight rating for the company, while reducing the price target from $195 to $180. The analyst commented...
-
Morgan Stanley Upgrades Dicks To Buy Following Improved Near-Term Setup
Friday, May 20, 2016 - 7:35am | 266Read More...Dicks Sporting Goods Inc (NYSE: DKS) reduced its 2016 guidance and announced conservative comp forecast for 2Q. Morgan Stanley’s Simeon Gutman upgraded the rating for the company from Underweight to Equal-weight, while raising the price target from $39 to $43. The analyst commented that...
-
Morgan Stanley Cuts Target's PT To $67 As Retail Claims Another Victim
Thursday, May 19, 2016 - 10:07am | 356Read More...Target Corporation (NYSE: TGT) reported better-than-expected 1Q EPS, but reduced its guidance for Q2. Morgan Stanley’s Simeon Gutman maintained an Underweight rating for the company, while slashing the price target from $72 to $67. The analyst commented that the Q1 slowdown and Q2 guidance...
-
Morgan Stanley Downgrades Michaels Companies To Equalweight
Monday, March 7, 2016 - 10:58am | 288Read More...Morgan Stanley’s Simeon Gutman downgraded the rating on Michaels Companies Inc (NASDAQ: MIK) from Overweight to Equal-weight, with a price target of $25. EPS Upside Potential Gutman believes that the company is a “steady grower with slight EPS upside potential.” However,...
-
Wal-Mart's Troubles Extend Beyond Brazil: Beware The U.K.
Tuesday, February 9, 2016 - 12:36pm | 384Read More...Wal-Mart Stores, Inc. (NYSE: WMT) had a rocky 2015, on a steady, downhill slide. That slide comes in at a 23.75 percent decline for the last one-year, during which Wal-Mart saw a 52-week low of $56.30. Year-to-date, the picture has been less negative, but still quite ugly, with the stock seeing an...
-
Morgan Stanley Continues To Prefer DIY Auto, Home Improvement Segments in Hardline Group
Tuesday, January 19, 2016 - 2:07pm | 277Read More...Morgan Stanley issued their Hardline/Broadline Outlook for 2016 and highlighted several companies including Lowe's Companies, Inc. (NYSE: LOW), Advance Auto Parts, Inc. (NYSE: AAP), O'Reilly Automotive Inc (NASDAQ: ORLY), AutoZone, Inc. (NYSE: AZO) and Home Depot Inc (NYSE: HD...
-
Morgan Stanley Hikes Wal-Mart Price Target, Downgrades These Three 'Disappointing' Retailers
Tuesday, January 19, 2016 - 1:51pm | 682Read More...Shares of Wal-Mart Stores, Inc. (NYSE: WMT), Party City Holdco Inc (NYSE: PRTY), Sally Beauty Holdings, Inc. (NYSE: SBH) and Best Buy Co Inc (NYSE: BBY) have been falling since January 2015. Morgan Stanley’s Simeon Gutman downgraded the ratings on Party City, Sally Beauty and Best...
-
Morgan Stanley Skeptical On Williams-Sonoma, Lowers Price Target
Friday, November 20, 2015 - 9:48am | 271Read More...Shares of Williams-Sonoma, Inc. (NYSE: WSM) have declined 24.49 percent over the last three months, with the share price falling close to its 52-week low. Morgan Stanley’s Simeon Gutman has maintained an Equal-Weight rating on the company, while lowering the price target from $87 to $...
-
7 Ways Wal-Mart Stock Can 'Work Again'
Thursday, October 8, 2015 - 1:30pm | 355Read More...In a report issued Thursday, Morgan Stanley analysts Simeon Gutman and Joshua Siber proposed a few ways to fix Wal-Mart Stores, Inc. (NYSE: WMT) ahead of the Investment Community Meeting next Wednesday. The firm maintained an Equal-Weight rating on the stock, while trimming its price target...
-
Morgan Stanley: Costco Wholesale Q4 'Fine,' And The Stock Is Relative Outperformer Of Late
Wednesday, September 30, 2015 - 10:06am | 295Read More...Costco Wholesale Corporation (NASDAQ: COST) has seen an almost 6 percent rise in its share price over the past 3 months, despite the share reaching a low of $132.71 on August 5 Morgan Stanley’s Simeon Gutman has maintained an Overweight rating on the company. Gutman believes that...
-
Bed Bath & Beyond: Morgan Stanley Cuts Targets, Stays Underweight
Friday, September 25, 2015 - 8:30am | 385Read More...Bed Bath & Beyond Inc. (NASDAQ: BBBY) shares are down 22 percent year-to-date, reaming below the $70 mark since end-June. Morgan Stanley’s Simeon Gutman maintained an Underweight rating on the company, while reducing the price target from $71 to $61. The impact of share...
-
Does Target Have REIT Potential?
Friday, September 18, 2015 - 9:36am | 297Read More...Target Corporation (NYSE: TGT) gained 2.8 percent thus far in 2015, outperforming the S&P 500 by 6 percent. Morgan Stanley's Simeon Gutman said the retailer could see 30 percent upside by spinning off a REIT, putting combined shares at more than $100. Gutman, however, attributed...
