Cowen

The regulatory framework for Bitcoin and other digital assets continues to evolve globally, albeit slowly. The U.K. financial services regulator, the Financial Conduct Authority, finalized its guidance on crypto assets in July, clarifying which tokens fall under its jurisdiction. The...

Few companies in the world can succeed in making up their own holiday to jolt sales. One of those companies is Amazon.com, Inc. (NASDAQ: AMZN) whose annual "Prime Day" sale kickstarts Monday. With the stock trading close to a $1-trillion valuation, the company may feel some pressure from...

The rise of sneaker and luxury resale platforms in recent years has many consumers looking at shoes as investments as much as fashion or footwear. The commoditization of sneakers has given rise to several resale platforms that are raising capital. Two of them, Detroit-based StockX and China-based...

Several Wall Street analysts have come out bullish on cannabis stocks in recent months, but one analyst said Monday that Aurora Cannabis Inc (NYSE: ACB) is the clear top choice in the sector.  The Analyst Cowen analyst Vivien Azer reiterated an Outperform rating on Aurora with a CA$15 ($...

After hosting meetings with TJX Companies Inc (NYSE:TJX) CFO Scott Goldenberg, Cowen said it's confident in the company’s earnings growth potential despite the sector’s low sentiment. The Analyst  John Kernan reiterated an Outperform rating on TJX with a $63 price...

CBD could represent a $16-billion opportunity in the U.S. by 2025, Cowen analyst Gerald Pascarelli said Thursday at the Cannabis World Congress & Business Expo in New York City.  What Happened Cowen is bullish on the market due to the exponential growth in consumer interest, the...

Cowen's recently concluded Cannabis Summit covered a myriad of topics ranging from clean cultivation; domestic and international growing; and the convergence of cannabis and culture. In a new report, analyst Vivien Azer highlighted some key takeaways from the Toronto event. What Happened "...

Although the trade war still looms, with footwear and apparel companies expected to be particularly affected, one analyst says to buy on the pullback of Ralph Lauren Corp (NYSE: RL). The Analyst Cowen analyst John Kernan reiterates an Outperform rating with a $145 price target. The Thesis Ralph...

The hype around sneakers is at an all-time high. The industry has been buzzing for years, evidenced by the rise of sneaker resale platforms, two of which, StockX and Poison, just hit unicorn status; the entrance of luxury brands; and growing interest in sneakers within womens fashion....

Callaway Golf Co (NYSE: ELY) shares are trading down despite the golf club maker's Thursday earnings beat. Here's how two analysts reacted to the print.  Cowen  Callaway management was able to raise its outlook within the core golf business, but weakness in the newly...

Yeti Holdings Inc (NYSE: YETI) continues to be one of the hottest stocks of 2019, with shares nearly doubling year-to-date. The Austin, Texas-based company's momentum is continuing after reporting a big first-quarter earnings beat Thursday. Here's how the sell-side reacted.  KeyBanc...

Under Armour Inc (NASDAQ: UAA) is confident in the trajectory of its turnaround strategy, according to Cowen.   Shares of the Baltimore-based apparel brand are moving higher after it reported a much-needed first-quarter sales beat Thursday and raised its 2019 guidance. The Analyst...

Lululemon Athletica, inc. (NASDAQ: LULU) hosted its analyst day this week, and it brought big announcements from an apparel company that has gained a lot of momentum in recent months.  Arguably, the biggest revelation was the announcement that Lululemon is entering the footwear business. Here...

Columbia Sportswear Company (NASDAQ: COLM) shares are off on Friday despite reporting a big first-quarter earnings beat and raised guidance. The Analyst Cowen's John Kernan maintains an Outperform rating and raised his price target from $120 to $123. The Thesis Kernan continues to see upside to...

It's a new era for Burlington Stores Inc (NYSE: BURL) after the retailer announced Wednesday that Thomas Kingsbury, its chairman and CEO for over a decade, will step down later this year. Michael O’Sullivan, formerly president and COO of Ross Stores, Inc. (NASDAQ: ROST), will take...