Deutsche Bank Starts Express Inc. (EXPR) at Buy

Deutsche Bank initiated coverage on Express Inc. (NYSE: EXPR) with a Buy rating and a price target of $25.

Analyst Paul Trussell said, "We are initiating coverage of EXPR at Buy with a $25 PT as we are impressed with initiatives such as faster product flow, improved omnichannel capabilities, and inventory management all beginning to take shape. We believe opportunities for improvement in the men’s business (~37% of sales), expansion of collections such as One Eleven, Edition, and EXP Core, and system upgrades provide support to drive sales and margins further in FY16."

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 $18.31 yesterday.

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