Wedbush Starts Express Inc. (EXPR) at Neutral
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Price: $0.83 --0%
Rating Summary:
7 Buy, 9 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 5
Rating Summary:
7 Buy, 9 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 5
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Wedbush initiated coverage on Express Inc. (NYSE: EXPR) with a Neutral rating and price target of $20.00.
Analyst Morry Brown said, "We see offsetting factors at play in EXPR's P&L in 2014. On the positive side, we expect SSS to accelerate to 3% in 1Q14 from 1% in 4Q13. We also look for inventory to be more aligned with sales trends, setting up the potential for margin improvement. However, the company has reported merchandise margin declines in 7 of the last 8 quarters, a concerning trend that suggests pricing power remains a key issue in a competitive retail environment."
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 $18.60 yesterday.
Analyst Morry Brown said, "We see offsetting factors at play in EXPR's P&L in 2014. On the positive side, we expect SSS to accelerate to 3% in 1Q14 from 1% in 4Q13. We also look for inventory to be more aligned with sales trends, setting up the potential for margin improvement. However, the company has reported merchandise margin declines in 7 of the last 8 quarters, a concerning trend that suggests pricing power remains a key issue in a competitive retail environment."
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 $18.60 yesterday.
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