Barclays Analyst Positive After Hosting Meeting with Saks, Inc (SKS) Management

Barclays analyst, Robert S. Drbul hosted a meeting with Saks (NYSE: SKS) senior management, including it's CEO, CFO and SVP of IR. Drbul felt that the new company initiatives (including system investments and streamlining CapEx) will provide improved gross margins and SG&A leverage. Drbul see SKS as a front-runner in the industry in adopting application suites for its business.

Barclays maintains an 'Equalweight' Saks Inc. (NYSE: SKS) and a price target of $12.00.

Another highlighted point: Accessories (jewelry, handbags and shoes) are outperforming and see trends continuing in the space (both domestically and internationally)

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 $11.42 yesterday.

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