UBS Resumes Coverage on Coldwater Creek, Inc. (CWTR) at Neutral; Could be a Long Paddle Upstream
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Price: $0.06 --0%
Rating Summary:
0 Buy, 6 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
0 Buy, 6 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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UBS resumes coverage on Coldwater Creek, Inc. (NASDAQ: CWTR) with a Neutral. PT $1.30.
UBS analyst says, "Despite the CEO’s recent stock purchase, we believe visibility on CWTR’s product direction and turnaround timeframe are uncertain. While we don’t foresee material liquidity risk, we anticipate that CWTR may have to borrow on its revolver in 4Q/beyond if it is unable to improve results and drive down inventories. We expect 2H to remain under pressure due to 1) weak comps (Q2 traffic -20%) and deleverage on costs, 2) heavy inventories, 3) materiality of product improvement, 4) slow traction in expanding customer reach, and 5) promotional environment."
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 $1.21 yesterday.
UBS analyst says, "Despite the CEO’s recent stock purchase, we believe visibility on CWTR’s product direction and turnaround timeframe are uncertain. While we don’t foresee material liquidity risk, we anticipate that CWTR may have to borrow on its revolver in 4Q/beyond if it is unable to improve results and drive down inventories. We expect 2H to remain under pressure due to 1) weak comps (Q2 traffic -20%) and deleverage on costs, 2) heavy inventories, 3) materiality of product improvement, 4) slow traction in expanding customer reach, and 5) promotional environment."
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 $1.21 yesterday.
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