Wedbush is Cautious on Express Inc. (EXPR) into Earnings

January 26, 2021 6:18 AM EST
Get Alerts EXPR Hot Sheet
Price: $1.35 -3.57%

Rating Summary:
    7 Buy, 9 Hold, 3 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 12 | Down: 16 | New: 15
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Wedbush analyst Jen Redding reiterated a Neutral rating and $1.50 price target on Express Inc. (NYSE: EXPR) after shares jumped150% in the last two trading days. The jump was on the heels of retails wider squeeze-play with most-shorted stocks up +14% versus least-shorted stocks +4% in the RUA index so far in 2021.

The analyst believes that this jump also conincides with an investor stampede following Will Meade's speculative tweet. The analyst stated "Meade's speculation pegs Express as the next GameStop, targeting Express shares at $10/share, based on Express's recently announced $140 million in financing from hedge fund Sycamore Partners and Wells Fargo, as well as the potential for a turnaround in the future".

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 $3.78 yesterday.

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