Brean Murray Carret & Co. Reiterates a 'Buy' on Express Inc. (EXPR); Q4 Preview - Shrugging Off Warm End to Winter
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Price: $0.83 --0%
Rating Summary:
7 Buy, 9 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
7 Buy, 9 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Brean Murray Carret & Co. reiterates a 'Buy' on Express Inc. (NYSE: EXPR) price target raised $1 to $30.
Analyst, Eric Beder, said, "We believe Express will provide further proof in the Q4 conference call that their fashion driven, quick response business models remains one of the strongest in our universe and that the company was able to shrug off a warm end of the winter season with minimal overall impact. Further, we believe the company's strong palette for Spring has driven solid results and that management, which typically conservative, will provide investors with impressive annual guidance."
Beder maintains FY13 EPS estimate fo $1.95 and FY14 established at $2.15. Beder remains confident in Q4 EPS estimate of $0.69.
For an analyst ratings summary and ratings history on Express Inc. click here. For more ratings news on Express Inc. click here.
Shares of Express Inc. closed at $24.55 yesterday.
Analyst, Eric Beder, said, "We believe Express will provide further proof in the Q4 conference call that their fashion driven, quick response business models remains one of the strongest in our universe and that the company was able to shrug off a warm end of the winter season with minimal overall impact. Further, we believe the company's strong palette for Spring has driven solid results and that management, which typically conservative, will provide investors with impressive annual guidance."
Beder maintains FY13 EPS estimate fo $1.95 and FY14 established at $2.15. Beder remains confident in Q4 EPS estimate of $0.69.
For an analyst ratings summary and ratings history on Express Inc. click here. For more ratings news on Express Inc. click here.
Shares of Express Inc. closed at $24.55 yesterday.
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