The Michaels Companies Announces Second Quarter Fiscal 2016 Financial Results

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BTIG Updates Ests on Michaels (MIK) Following Q2 Results; Sees Long-Term Opportunities as Intact

August 26, 2016 11:24 AM EDT

BTIG affirms Michaels Cos. (Nasdaq: MIK) with a Neutral rating following Q2 results.

Analyst Alan Rifkin noted, MIK should benefit in 2H16 from its merchandising initiatives, higher advertising spending (though flat as a percent of sales) and an extra... More