Brean Murray Downgrades J. Crew (JCG) to Sell; Injecting Some Sanity into the Mix
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- Brean Murray Downgrades J. Crew (JCG) to Hold
Brean Murray downgrades J. Crew (NYSE: JCG) from Hold to Sell. Price target $9.
Brean analyst says, "We are lowering our rating to Sell as we believe the post Q4 earnings euphoria is overdone. While we understand the inherent appeal of J. Crew as a shopping experience, we believe there is no evidence to call a turn in the chain and, with the inventory levels still too high for at least the next two quarters, we believe the potential for further top and bottom-line misses remain high. As such, qwith JCG now trading at 21.9x our FY11 estimate and 18x FY11 Street consensus EPS estimates, we believe the risk/reward of owning JCG remains too high."
To see more analyst ratings on JCG Click Here.
J. Crew Group, Inc. is an apparel and accessories brand that embraces a standard of style, craftsmanship, quality and customer service
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