Barclays Maintains an 'Equalweight' on Saks Inc. (SKS); Cutting Estimates After Q1
Tweet
Share
E-mailGet Alerts SKS Hot Sheet
Price: $15.99 --0%
Rating Summary:
0 Buy, 7 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
0 Buy, 7 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Join SI Premium – FREE
Barclays maintains an 'Equalweight' on Saks Inc. (NYSE: SKS) price target of $12.00.
Analyst, Robert S. Drbul, said, "Given the incremental markdown pressure we are now expecting in 2Q, as well as ongoing strategic investments, we are lowering our 2Q, FY12, and FY13 EPS estimates to $(0.09), $0.40, and $0.55 from $(0.04), $0.45, and $0.60, respectively."
For an analyst ratings summary and ratings history on Saks Inc. click here. For more ratings news on Saks Inc. click here.
Shares of Saks Inc. closed at $10.05 yesterday.
Analyst, Robert S. Drbul, said, "Given the incremental markdown pressure we are now expecting in 2Q, as well as ongoing strategic investments, we are lowering our 2Q, FY12, and FY13 EPS estimates to $(0.09), $0.40, and $0.55 from $(0.04), $0.45, and $0.60, respectively."
For an analyst ratings summary and ratings history on Saks Inc. click here. For more ratings news on Saks Inc. click here.
Shares of Saks Inc. closed at $10.05 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Mizuho Reiterates Outperform Rating on Broadcom Limited (AVGO) Into EPS
- Revolution (RVMD) PT Raised to $179 at Bernstein SocGen Group
- Rockwell Automation (ROK) PT Lowered to $490 at DA Davidson
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS ViewRelated Entities
BarclaysSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
