Stifel Cuts Price Target on Express (EXPR) to $15 Following 2Q EPS Miss

August 24, 2016 1:54 PM EDT
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Price: $10.96 +2.05%

Rating Summary:
    8 Buy, 10 Hold, 3 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 35 | Down: 31 | New: 9
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Stifel maintained a Buy rating on Express Inc. (NYSE: EXPR), and cut the price target to $15.00 (from $18.00), following the company's 2Q earnings report.

Analyst "Express reported 2Q EPS of $0.13, $0.04 below consensus and $0.02 below the low end of management’s guidance. EPS decreased 48% vs. $0.25 LY. Results were below expectation as weak store traffic and a lack of clarity across the merchandise assortment held back results and required increased markdowns to clear."

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

Shares of Express Inc. closed at $16.03 yesterday.

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