Deutsche Bank Starts Nike (NKE) at Buy; Firing on Many Cylinders
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Deutsche Bank Starts Michael Kors (KORS) at Buy; Strong Growth, Compelling Valuation
June 25, 2013 11:10 AM EDTDeutsche Bank initiated coverage on Michael Kors (NYSE: KORS) with a Buy rating and $70 price target Tuesday, saying it has one of the best growth trajectories in the sector.
Analyst Dave Weiner sees four key drivers for the stock: (1) huge global accessories share gains, (2) an impressive NA retail store runway, (3) continued F14 productivity lift via shop-in-shop conversions, and (4) tight promotions.
"While further insider sales &... More
Deutsche Bank Starts VF Corp. (VFC) at Buy; Look for Multiple Expansion
June 25, 2013 11:03 AM EDTDeutsche Bank initiates coverage on VF Corp. (NYSE: VFC) with a Buy rating and $215 price target Tuesday, arguing for a higher multiple.
Analyst Dave Weiner comments, "We're buyers of VFC, as in our opinion, no other company under coverage is benefitting from so many... More
Deutsche Bank Starts Lululemon Athletica Inc. (LULU) at Hold
June 25, 2013 11:00 AM EDTDeutsche Bank initiates coverage on Lululemon Athletica Inc. (NASDAQ: LULU) with a Hold rating and $65 price target, saying they are on the sidelines during the management transition.
Analyst Dave Weiner comments, "Despite our view that over time, LULU may develop in to a... More
