Liz Claiborne and Lululemon Shares Up 2%, As Urban Outfitters Smacked by Surprise
With the holiday retail season being much stronger than expected, analysts are giving the positive view on specific retail stocks. Here is a solid basket of companies to review from the brokerage community today:
Liz Claiborne Inc. (NYSE:LIZ): Imperial Capital says buy on Liz Claiborne pullback. Liz Claiborne is experiencing a pullback following departure of their Chief Financial Officer and lowered overall earnings guidance for 2012. This is a buying opportunity says Imperial Capital, as Kate Spade and Lucky Brand continue to have strong sales. Imperial Capital keeps LIZ an Outperform.
Signet Jewelers Limited (NYSE:SIG): Deutsche Bank says buy on Signet Jewelers pullback. Signet Jewelers pullback yesterday, after issuing new guidance, signals a buying opportunity, according to Deutsche Bank. The firm keeps a Buy, but lowered target from $60 to $59.
Salesforce.com (NYSE:CRM): Morgan Stanley names Salesforce.com a long Research Tactical Idea. Saleforce.com’s fourth quarter should show recovery from the third quarter and an improving backlog. Morgan Stanley rate Salesforce.com Overweight and lowers target from $180 to $150.
Lululemon Athletica Inc. (NASDAQ:LULU): RW Baird is moving it target up on Lululemon as the company’s fourth quarter guided above the Street’s estimates. The firm likes the company’s momentum, store productivity, e-commerce growth and unit expansion. RW Baird rates LULU Outperform and target raised from $61 to $70.
Urban Outfitters Inc. (NASDAQ:URBN): Morgan Stanley likes the track record of Urban Outfitters new chief executive officer (NYSE:CEO). Morgan Stanley said Richard Hayne, the new CEO, brings an impressive track record to bear on Urban Outfitters turnaround. Morgan Stanley rate URBN Overweight.
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