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Morgan Stanley: Dicks Sporting Goods Could Take Market Share From The Sports Authority
Monday, February 23, 2015 - 11:03am | 281Morgan Stanley commented on Dicks Sporting Goods Inc (NYSE: DKS) amid the news that The Sports Authority Inc. may default. Analyst Simeon Gutman presented a "DKS Overlap with The Sports Authority" store analysis in a research note and suggested that a hypothetical merger did not...
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Morgan Stanley Says Target's Near-Term Setup Is 'Decent,' Acknowledges Downside Risks
Thursday, February 19, 2015 - 10:35am | 191In a report published Thursday, Morgan Stanley analyst Simeon Gutman commented that Target Corporation's (NYSE: TGT) story is at a "critical juncture" ahead of next week's fourth quarter release which will likely contain updated financial goals. Gutman stated that the market has become "somewhat...
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Morgan Stanley Doesn't Expect Q4 Comp Upside For Advance Auto Parts
Monday, February 9, 2015 - 10:55am | 117In a report published Monday, Morgan Stanley analyst Simeon Gutman reiterated an Overweight rating and $170.00 price target on Advance Auto Parts, Inc. (NYSE: AAP). In the report, Morgan Stanley noted, "Not expecting upside to Q4 comps. ORLY's strong 6.3% comps may have increased expectations for...
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Morgan Stanley Reiterates Overweight, Raises Price Target On Costco As Longer-Term Prospects Are Bright
Monday, February 9, 2015 - 9:46am | 141In a report published Monday, Morgan Stanley analyst Simeon Gutman reiterated an Overweight rating on Costco Wholesale Corporation (NASDAQ: COST), and raised the price target from $155.00 to $163.00. In the report, Morgan Stanley noted, "A perceived risk to the COST story,a transition to...
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Here's Who Benefits The Most If Sears Goes Bankrupt
Wednesday, January 21, 2015 - 11:47am | 342According to Simeon Gutman of Morgan Stanley, if Sears Holdings Corp (NASDAQ: SHLD) were to “go away,” Home Depot Inc (NYSE: HD), Lowe's Companies Inc (NYSE: LOW) and Best Buy Co Inc (NYSE: BBY) stand to benefit the most, while J C Penney Company Inc (NYSE: JCP) and Gap...
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Morgan Stanley's 2015 Outlook For Auto Parts Retailers
Thursday, December 18, 2014 - 12:18pm | 378A recent report by Morgan Stanley focused on the 2015 outlook for do-it-yourself auto parts retailers. Despite many potential headwinds for the sector, analysts remain bullish on a handful of top names. The Bear Case There has been a high historical correlation between the DIY auto sales and...
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UPDATE: Morgan Stanley Upgrades Staples
Thursday, December 11, 2014 - 5:35pm | 125On Thursday, analysts at Morgan Stanley upgraded Staples, Inc. (NASDAQ: SPLS) from Underweight to Equal-weight and raised the price target from $13 to $14.50. Simeon Gutman finds the activist interest increases the chances of a merger. "Given these developments and that they stem from an...
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UPDATE: Morgan Stanley Reiterates On Lowe's Companies As Most Roads Lead To Upside
Monday, December 8, 2014 - 9:03am | 91In a report published Monday, Morgan Stanley analyst Simeon Gutman reiterated an Equal-Weight rating on Lowe's Companies (NYSE: LOW), and raised the price target from $64.00 to $71.00. In the report, Morgan Stanley noted, “LOW will likely stick to its 2015 EBIT margin goal of 9.7% and lay out new 3...
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Analysts Divided On Premium For Ulta Salon, Cosmetics & Fragrance
Friday, December 5, 2014 - 4:57pm | 264Ulta Salon, Cosmetics & Fragrance, Inc.'s (NASDAQ: ULTA) valuation will remain a sore spot for some investors, although few retailers are seeing comparable success, a couple of analysts said Friday. Ulta hit a 52-week high of $132.26 in intraday trading earlier Friday after the company...
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UPDATE: Morgan Stanley Reiterates On Ulta Salon, Cosmetics & Fragrance On Fair Valuation
Friday, December 5, 2014 - 10:26am | 121In a report published Friday, Morgan Stanley analyst Simeon Gutman reiterated an Equal-Weight rating on Ulta Salon, Cosmetics & Fragrance (NASDAQ: ULTA), and raised the price target from $132.00 to $135.00. In the report, Morgan Stanley noted, “ULTA delivered stronger Q3 results led by 9.5%...
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Morgan Stanley's Home Furnishing Survey: Overall Healthy Trends Continue, Mixed Results For Retailers
Wednesday, December 3, 2014 - 10:37am | 323Simeon Gutman of Morgan Stanley released his findings from a Home Furnishing Survey and found that the segment's trends are “healthy.” According to the findings, overall spending among consumers within the home furnishing segment over the last three months is $134 per shopper....
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Morgan Stanley Raises Target's Price Target
Friday, November 28, 2014 - 9:12am | 158Analysts at Morgan Stanley raised the price target on shares of Target Corporation (NYSE: TGT) from $61 to $66 and maintained an Underweight rating. Simeon Gutman finds that Target is performing better than expected and the company positively surprised with third-quarter results: "the...
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Morgan Stanley: Lumber Liquidators 'On Sturdier Ground'
Monday, November 24, 2014 - 1:32pm | 264Simeon Gutman of Morgan Stanley upgraded shares of Lumber Liquidators Holdings Inc (NYSE: LL) on Monday to Overweight from Equal-weight with a price target raised to $85 from a previous $60. Gutman notes that Lumber Liquidators sales slowdown in 2014 is "temporary," partially due to...
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Morgan Stanley Raises Best Buy Price Target
Friday, November 21, 2014 - 9:17am | 179On Thursday, analysts at Morgan Stanley raised the price target on shares of Best Buy Co Inc (NYSE: BBY) from $36 to $44 and maintained the Overweight rating. Simeon Gutman believes Best Buy’s third-quarter results showed that the company has turned an important corner in improving...
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Morgan Stanley Raises Lowe's Price Target Following Earnings
Wednesday, November 19, 2014 - 11:27am | 189On Wednesday, Morgan Stanley analysts raised the price target on Lowe’s Companies, Inc. (NYSE: LOW) from $62 to $64 and maintained the Equal-weight rating following the company’s third-quarter results. For the company’s Q3 2015 results, Lowe’s reported EPS and...