Barclays Maintains an 'Equalweight' on Saks Inc. (SKS); Cutting Estimates After Q1

May 16, 2012 1:30 PM EDT
Get Alerts SKS Hot Sheet
Price: $15.99 --0%

Rating Summary:
    1 Buy, 9 Hold, 4 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 19 | Down: 19 | New: 13
Trade SKS Now!
Join SI Premium – FREE
Barclays maintains an 'Equalweight' on Saks Inc. (NYSE: SKS) price target of $12.00.

Analyst, Robert S. Drbul, said, "Given the incremental markdown pressure we are now expecting in 2Q, as well as ongoing strategic investments, we are lowering our 2Q, FY12, and FY13 EPS estimates to $(0.09), $0.40, and $0.55 from $(0.04), $0.45, and $0.60, respectively."

For an analyst ratings summary and ratings history on Saks Inc. click here. For more ratings news on Saks Inc. click here.

Shares of Saks Inc. closed at $10.05 yesterday.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst EPS Change, Analyst EPS View

Related Entities


Add Your Comment