Loading...
Loading...
According to Morgan Stanley, Chico's FAS
NMM had a strong May.
Morgan Stanley said that Ex in-transit inventory, inv. psf rose +9.5%, moderately above our 2Qe 7% comp. “A strong May and markdown improvement in 2H11 could limit GM risk. Valuation looked rich at $15, given CHS' limited growth potential and we see today's -5% drop as a return to fair value.”
Chico's FAS closed yesterday at $14.43.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in