UBS Resumes Coverage on Chicos, Inc. (CHS) at Neutral; Market Share Winner in Women’s
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Price: $7.59 --0%
Rating Summary:
7 Buy, 20 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
7 Buy, 20 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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UBS resumes coverage on Chicos, Inc. (NYSE: CHS) with a Neutral. PT $14.00.
UBS analyst says, "We view CHS as a market share gainer in women’s with multiple top and bottom-line catalysts: 1) strong product execution/comp momentum, 2) markdown optimization opportunity, 3) continued store payroll cuts, 4) intensified marketing, and 5) a healthier appetite for share buybacks. Despite our belief that near-term trends are solid across brands, our Neutral rating is predicated on limited visibility as to the flow-through and timing of its multiple initiatives and a slightly more cautious macro view, which would impact boomer spending most."
For more ratings news on Chicos, Inc. click here and for the rating history of Chicos, Inc. click here.
Shares of Chicos, Inc. closed at $12.20 yesterday.
UBS analyst says, "We view CHS as a market share gainer in women’s with multiple top and bottom-line catalysts: 1) strong product execution/comp momentum, 2) markdown optimization opportunity, 3) continued store payroll cuts, 4) intensified marketing, and 5) a healthier appetite for share buybacks. Despite our belief that near-term trends are solid across brands, our Neutral rating is predicated on limited visibility as to the flow-through and timing of its multiple initiatives and a slightly more cautious macro view, which would impact boomer spending most."
For more ratings news on Chicos, Inc. click here and for the rating history of Chicos, Inc. click here.
Shares of Chicos, Inc. closed at $12.20 yesterday.
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