Active Stock Alerts: Abercrombie & Fitch, Marvell Technology, Staples, Williams-Sonoma, Target May 17th
Abercrombie & Fitch Co. (NYSE:ANF): Baird lowered its price target on Abercrombie & Fitch following Q1 results which included lowered revenue and reiterated earnings guidance. The firm maintains its Outperform rating due to potential for margin expansion, international opportunities, and gradual improvement in the US.
Marvell Technology Group Ltd. (NASDAQ:MRVL): Cowen said they favor Marvell Technologies for long term investors citing its compelling valuation, stock buybacks, and significant optionality in several product segments. Shares remain Outperform rated.
Staples, Inc. (NASDAQ:SPLS): After Staples reported in-line results and the stock retreated, Bernstein believes the stock’s valuation is cheap, while the shares’ risk/reward ratio is compelling for longer term investors. The firm maintains an $18 target and Outperform rating.
Williams-Sonoma Inc. (NYSE:WSM): Jefferies views the sell-off yesterday in shares of Williams-Sonoma as an overreaction to regulatory filings that indicated several institutional shareholders exited positions in the company during the March quarter. The firm sees a favorable set-up into Williams-Sonoma’s earnings on May 22 and reiterates a Buy rating on the stock.
Target Corp. (NYSE:TGT): Baird said the risk/reward remains favorable for Target and shares look undervalued. The firm cited upcoming merchandising initiatives, gains from struggling competitors, and conservative guidance. shares are Outperform rated with $65 price target.
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