Despite a mixed back-to-school shopping season this year, Morgan Stanley thinks a couple of popular apparel retailers could beat the clothing industry slowdown and stand out into year-end. Overall back-to-school spending should come out in-line with pre-Covid trends, but fare weaker year over year given recent demand weakness, analyst Alex Straton said.
"We fear significant positive EPS revisions could be behind ANF, & caution out-year forecasts make for a high bar," Straton said. "These expectations, still-expensive relative valuation, & ongoing margin reversion/cyclicality risk have kept us Equal-weight rated." Other analysts, including Citi analyst Paul Lejeuz, remain bullish on Abercrombie ahead of earnings.
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen: