Actionable news
All posts from Actionable news

Deutsche Bank Initiates Coverage On 9 Specialty Retailers

Invest with Confidence. Are you a financial professional? Stay on top of your portfolio with Benzinga Pro's real-time newsfeed and alerts and never miss a headline again.
Don't miss the chance to try it FREE today.

After Tuesday's close, Deutsche Bank issued new coverage on nine U.S. Specialty Retail names. Analyst Paul Trussell says apparel is challenging and e-commerce tops the list of concerns.


  • Expects EBIT to continue expanding in 2016 on heels of improvement in GPM rate, expects productivity metrics to continue to improve.
  • Believes margins can expand to new peak levels and sees dividend increase, buybacks and special dividends continuing to make L Brands "the best-in-class shareholder return story."
  • Believes Jos A Bank turnaround can succeed, says "market destruction has been out of proportion with limited downside risk at current levels."


  • Sees headwinds dampening company's 10-12 percent EBIT goal in GPM and SG&A.

Chico's FAS, Inc. CHS 1.79% initiated at Hold with a $23 PT

  • Lack of clarity from CEO leaves shares rangebound.
  • Sees an offset for every positive margin driver, says pace of forward growth in question as traffic declines.


  • Expects company initiatives to be dampened by industry headwinds and turnaround challenges.
  • Expects comps to remain negative as traffic trends remain negative, says women's denim faces challenges.
  • Negative comps to drive margin pressure, expects further market share losses.
Apr 2016Deutsche BankInitiates Coverage onBuy
Apr 2016Stifel NicolausUpgradesHoldBuy
Apr 2016Goldman SachsDowngradesBuyNeutral

© 2016 Benzinga does not provide investment advice. All rights reserved.