FBR Capital on Coldwater Creek (CWTR): Summer's Coming, Happened So Fast...but Oh-Oh the Product's Still Not Right
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Price: $0.06 --0%
Rating Summary:
0 Buy, 6 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 4 | Down: 8 | New: 1
Rating Summary:
0 Buy, 6 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 4 | Down: 8 | New: 1
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FBR Capital maintains a 'Market Perform' Coldwater Creek, Inc. (NASDAQ: CWTR), PT $2.50.
FBR analyst says, "The meeting was our first opportunity to hear from Jill Dean, newly appointed copresident and chief merchandising officer of CWTR. We also met with co-president and chief creative officer Jerome Jessup, CFO Jim Bell, and Lyn Walther from investor relations. The meeting was an opportunity to see some summer product and to discuss the strategies to turn the business under the new, restructured leadership team. We liked the tone and the content of much of what was said. But ultimately we believe it will be at least fall until we see some progress in the financial results."
"Near-term expectations of continued weakness keep us on the sidelines - However, we believe Jill Dean's leadership will positively affect the company's merchandise assortment over the coming year. If the fall assortment gains traction with the company’s customer base, we could see margins and earnings begin to move in a positive direction."
For more ratings news on Coldwater Creek, Inc. click here and for the rating history of Coldwater Creek, Inc. click here.
Shares of Coldwater Creek, Inc. closed at $2.36 yesterday.
FBR analyst says, "The meeting was our first opportunity to hear from Jill Dean, newly appointed copresident and chief merchandising officer of CWTR. We also met with co-president and chief creative officer Jerome Jessup, CFO Jim Bell, and Lyn Walther from investor relations. The meeting was an opportunity to see some summer product and to discuss the strategies to turn the business under the new, restructured leadership team. We liked the tone and the content of much of what was said. But ultimately we believe it will be at least fall until we see some progress in the financial results."
"Near-term expectations of continued weakness keep us on the sidelines - However, we believe Jill Dean's leadership will positively affect the company's merchandise assortment over the coming year. If the fall assortment gains traction with the company’s customer base, we could see margins and earnings begin to move in a positive direction."
For more ratings news on Coldwater Creek, Inc. click here and for the rating history of Coldwater Creek, Inc. click here.
Shares of Coldwater Creek, Inc. closed at $2.36 yesterday.
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