Stifel Cuts Price Target on Express (EXPR) to $15 Following 2Q EPS Miss
- Wall St. opens higher as M&A activity boosts confidence
- AT&T (T) to Acquire Time Warner (TWX) for $107.50/Share
- Rockwell Collins (COL) to Acquire B/E Aerospace (BEAV) for $6.4B
- TD Ameritrade (AMTD) to Acquire Scottrade in $4B Cash & Stock Deal
- Pre-Open Stock Movers 10/24: (BEAV) (JPEP) (HLT) Higher; (BAS) (INO) (ADRO) Lower (more...)
News and research before you hear about it on CNBC and others. Claim your 2-week free trial to StreetInsider Premium here.
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."
Shares of Express Inc. closed at $16.03 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Oppenheimer Raises Price Target on Microsoft (MSFT) to $65 Following 1Q Beat
- UPDATE: Stifel Starts Tabula Rasa Healthcare (TRHC) at Buy
- UPDATE: JPMorgan Downgrades ARIAD Pharmaceuticals (ARIA) to Underweight
Create E-mail Alert Related CategoriesAnalyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT Change
Related EntitiesStifel, Earnings
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!