Analysts: Staples’ Outlook Remains Challenging and 3 Other Research Notes to Investigate
Staples (NASDAQ:SPLS): Bernstein sees management at Staple’s as being more upbeat than in recent quarters, and the firm thinks that the company’s performance may be improving, although its outlook remains challenging. Bernstein keeps a Market Perform rating on the stock.
Tempur-Pedic (NYSE:TPX): Longbow has lowered its EPS estimates on Tempur-Pedic to $0.36 from $0.40, vs consensus of $0.41 due to weaker than expected May checks. However, given expected cost synergies, secular growth in premium bedding, vertically integrated business model, European profitability, and strong portfolio of brands, the firm keeps a Buy rating on the shares.
Michael Kors (NYSE:KORS): RW Baird has raised its price target on Michael Kors in reflection of continued momentum supported by growing brand awareness, product line extensions, and enhanced distribution. It rates the stock at Outperform.
CarMax (NYSE:KMX): RW Baird has raised the price target on the shares ahead of the company’s Q1 results, citing better than expected sales trends and stable price and profit momentum. It puts an Outperform rating on the stock.