Analysts: Macy’s Is Running Below Expectations and 3 Other Research Notes to Read Through
Macy’s (NYSE:M): Cleveland Research has stated that Macy’s sales and traffic are running below expectations due to a disappointing back-to-school season and an increased promotional environment. The firm also stated that third-quarter comparable sales at Macy’s will be up 0 percent to 2 percent versus consensus of a 2.9 percent increase.
Diamond Foods (NASDAQ:DMND): BB&T has upgraded Diamond Foods to Buy from Hold based on valuation, top-line growth, and improving margins. The firm noted that Diamond Foods is a potential takeout target. Diamond’s stock has a price target of $28.
Ulta Salon, Cosmetics & Fragrance (NASDAQ:ULTA): JPMorgan has raised its price target for Ulta Salon, Cosmetics & Fragrance to $125 from $108 based on expectations that the company’s robust earnings growth can continue and has reiterated its Overweight rating on Ulta’s stock.
Global Payments (NYSE:GPN): Sterne Agee has predicted that Global Payments will report first-quarter results that are at least in line with expectations on October 1. The firm thinks that Global Payments’s multiple can expand a few points if it reports in-line results, and has kept a Buy rating on Global’s shares.