UBS Maintains a 'Buy' on Express Inc. (EXPR); Attractive Risk/Reward for Longer-Term Investors
Tweet
Share
E-mailGet Alerts EXPR Hot Sheet
Price: $0.83 --0%
Rating Summary:
7 Buy, 9 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
7 Buy, 9 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
UBS maintains a 'Buy' on Express Inc. (NYSE: EXPR) price target of $19.00 (from $24.00).
Analyst, Roxanne Meyer, said, "Q2 was hurt by the first negative store comp since 3Q09, and was boosted by a ~$0.03 benefit from a shift in marketing spend into 3Q (would have missed Street otherwise). In 3Q, store comps (and gross margin) are expected to remain under pressure as EXPR works through its first material fashion miss, calling into question the strength of its testing strategy and its ability to maintain share in a competitive landscape. While testing is not fool-proof, we view EXPR as best positioned to rebound (and faster); for patient investors, we think shares are attractive here."
FY13 EPS Estimate lowered from $1.82 to $1.72 and FY14 from $2.02 to $1.94.
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 $15.03 yesterday.
Analyst, Roxanne Meyer, said, "Q2 was hurt by the first negative store comp since 3Q09, and was boosted by a ~$0.03 benefit from a shift in marketing spend into 3Q (would have missed Street otherwise). In 3Q, store comps (and gross margin) are expected to remain under pressure as EXPR works through its first material fashion miss, calling into question the strength of its testing strategy and its ability to maintain share in a competitive landscape. While testing is not fool-proof, we view EXPR as best positioned to rebound (and faster); for patient investors, we think shares are attractive here."
FY13 EPS Estimate lowered from $1.82 to $1.72 and FY14 from $2.02 to $1.94.
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 $15.03 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Fiserv (FISV) PT Lowered to $60 at Freedom Broker
- Va Tech Wabag Ltd. (VATW:IN) PT Raised to INR2,410 at ICICI Securities
- Freedom Broker Upgrades Lifeway Foods (LWAY) to Buy
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
UBSSign 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!
