Mizuho Securities Downgrades Express Inc. (EXPR) to Neutral

March 9, 2017 4:51 AM EST
Get Alerts EXPR Hot Sheet
Price: $1.35 --0%

Rating Summary:
    7 Buy, 9 Hold, 3 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 9 | Down: 30 | New: 23
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Mizuho Securities downgraded Express Inc. (NYSE: EXPR) from Buy to Neutral with a price target of $10.00 (from $15.00).

Analyst Betty Chen comments "...we question the pace of turn in 2H amidst traffic woes and heightened competition. While we acknowledge the stock is now trading near its 5-yr avg trough multiple of 11.6x, we expect shares to remain range-bound until there is visibility on a positive catalyst."

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 $9.51 yesterday.

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