UBS Reiterates a 'Buy' on Express Inc. (EXPR); PT & Estimates Raised

UBS maintains a 'Buy' on Express Inc. (NYSE: EXPR), PT increased from $20 to $24.

UBS analyst says, "We view EXPR as an attractive sales and margin growth story that is poised to see upside from comp momentum, testing strategy, growth of the higher-margin accessories and direct businesses, and new stores (sq ft +3%). The recent share offering (~60% of float now liquid) and strong cash generation/debt pay down are also positives. At 13x our new ’11 est, we believe EXPR is compelling given its growth profile (+HSD sales growth/low teens EPS growth over the next few yrs)...Raising our Q1 estimate to $0.40 from $0.39 and our price target to $24 from $20 based on 15x our new ’11 estimate of $1.61 (up from $1.42)."

For more ratings news on Express Inc. click here and for the rating history of Express Inc. click here.

Shares of Express Inc. closed at $21.42 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Walmart (WMT) PT Lowered to $130 at UBS on Investment Narrative's Competing Dynamics
• Ferrovial SA (FER:SM) (FRRVF) Reiterated at Buy by UBS on Winning Bid For Tennessee Project
• Rockwell Automation (ROK) PT Lowered to $490 at DA Davidson