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Just Not Doing It: Look For Nike Shares To Trade Range Bound Ahead Of Investor Day
Thursday, October 19, 2017 - 1:12pm | 381Read More...Nike Inc (NYSE: NKE) has been downgraded by Goldman Sachs from a Buy rating to a Neutral one ahead of the company’s investor day on Oct. 25. Goldman Sachs analyst Lindsay Drucker Mann expects Nike shares to trade in a range as the company works through excess inventory in the U.S. Mann said...
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Sports Retail Shaken Up Amid Word Nike Could Sell Direct On Amazon
Wednesday, June 21, 2017 - 8:48am | 432Read More...Sports retailers were moving Wednesday morning following channel checks from Goldman Sachs analyst Lindsay Drucker Mann that suggest Nike Inc (NYSE: NKE) could begin selling directly through Amazon.com, Inc. (NASDAQ: AMZN). NPD Group analyst Matt Powell also tweeted about the potential move. What...
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Nike Says Futures Orders Don't Matter; Some Analysts Agrees
Monday, May 15, 2017 - 9:40am | 386Read More...Most investors concern themselves with a few metrics companies report in their earnings print. The most common metrics include earnings per share revenue, same-store sales, margins and guidance. But in Nike Inc (NYSE: NKE)'s case investors are fixated on its futures orders. Nike discloses in...
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Coach Toting More Market Share In North America; Goldman Upgrades
Wednesday, May 10, 2017 - 2:59pm | 324Read More...Following Coach Inc (NYSE: COH)'s buyout of Kate Spade & Co (NYSE: KATE), the company is getting a positive feedback from the sell-side regarding its prospects in the $12 billion North American handbag market moving forward. Goldman Sachs upgraded Coach from Neutral to Buy and raised its...
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Goldman Sachs Says Not To Focus On Nike's Weak Futures
Wednesday, December 21, 2016 - 11:39am | 427Read More...Lindsay Drucker Mann of Goldman Sachs urged investors not to give too much weight to Nike Inc (NYSE: NKE)’s weak futures reports for North America and cooling in other markets. Why Futures Aren't Great Metrics For the second quarter, Nike’s futures growth slowed to 2 percent ex-FX (from...
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Why Under Armour Stock Is Tumbling
Tuesday, October 25, 2016 - 9:42am | 298Read More...Under Armour Inc's (NYSE: UA) earnings report sent the stock tumbling more than 12 percent despite the company reporting a top-and-bottom-line beat and reaffirming its prior full year 2016 sales and operating income guidance. Lindsay Drucker Mann of Goldman Sachs pointed out several...
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Goldman Sachs: Lululemon To Miss Guidance
Monday, October 17, 2016 - 7:25am | 427Read More...Goldman Sachs’ Lindsay Drucker Mann believes Lululemon Athletica inc. (NASDAQ: LULU) is likely to witness “fading comp sales as competitive pressures weigh on traffic while the pricing tailwinds that benefited 3Q15–2Q16 fade.” Drucker Mann reiterated a Sell rating on the...
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5 Risks For Lululemon
Thursday, September 29, 2016 - 7:09am | 392Read More...Lululemon Athletica inc’s (NASDAQ: LULU) comps are likely to slow going ahead, Goldman Sachs’ Lindsay Drucker Mann said in a report. She maintained a Sell rating on the company, while reducing the price target from $48 to $46. The comp sales estimate for 2017 has been reduced to +3...
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Nike Is In The Midst Of A North American Correction
Wednesday, September 28, 2016 - 10:57am | 313Read More...Following the release of Q1 results by Nike Inc (NYSE: NKE), Goldman Sachs said the company is in the midst of a North American correction, strangulated by overheated wholesale orders, excess inventory and tougher competition. Analyst Lindsay Drucker Mann, however, stated that such resets aren...
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How's Nike's Strike Ahead Of Q1 Earnings? Goldman Cheers 'Goal!'
Friday, September 23, 2016 - 10:34am | 354Read More...With Nike Inc (NYSE: NKE) scheduled to report its Q1:17 results on September 27, Goldman Sachs’ Lindsay Drucker Mann noted that channel check indicated “a mixed setup into the quarter.” Mann maintains a Buy rating on the company with a price target of $66. Firming Retail Trends...
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Signet Jewelers Neutral At Goldman Sachs On Visibility Concerns
Friday, August 26, 2016 - 8:10am | 314Read More...Signet Jewelers Ltd. (NYSE: SIG) reported disappointing Q2 earnings, while lowering its FY guidance. Goldman Sachs’ Lindsay Drucker Mann maintained a Neutral rating, while lowering the price target from $119 to $102. Visibility Concerns Mann prefers to remain on the sidelines until...
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L Brands Upgraded By Goldman Sachs On Victoria's Secret Results
Monday, August 22, 2016 - 8:15am | 403Read More...Goldman Sachs’ Lindsay Drucker Mann mentioned that the 2Q results reported by L Brands Inc (NYSE: LB) have “eased...concerns about how disruptive the new promotional strategy at Victoria's Secret (VS) would be on the business." The analyst continued by stating, "[W]e believe a...
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Urban Outfitters Brand Is Turned Around, Says Goldman; Downgrades To Neutral
Monday, August 22, 2016 - 7:48am | 363Read More...Goldman Sachs’ Lindsay Drucker Mann believes that Urban Outfitters, Inc. (NASDAQ: URBN) has been able to successfully turn around its UO brand, “as it is now realizing healthy mid-single digit comps growth and near-peak merch margins.” Drucker Mann downgraded the rating on the...
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3 Reasons Goldman Sachs Is Buying Urban Outfitters
Wednesday, August 17, 2016 - 7:00am | 410Read More...Urban Outfitters, Inc. (NASDAQ: URBN) reported its Q2 EPS ahead of expectations, driven by better comps and gross margin. Goldman Sachs’ Lindsay Drucker Mann maintained a Buy rating on the company, while raising the price target from $29 to $33. Urban Outfitters reported its Q2 EPS at $0....
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Goldman Still Worried Long-Term Profit Headwinds Remain At Kohl's
Friday, August 12, 2016 - 9:55am | 328Read More...Goldman Sachs reiterated its Sell rating on Kohl's Corporation (NYSE: KSS), despite better second quarter comp and profitability, saying that long-term profit headwinds still remain. "The sequential comp improvement does not signal a path to positive comps near-term, in our view, as...
