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EXPR

Express

$13.30

-0.18 (-1.34%)

10:10
11/30/16
11/30
10:10
11/30/16
10:10

Vote of confidence in Express ahead of earnings

Vote of confidence in Express ahead of earnings. Dec 11 puts are swept across the exchanges at 10c per contract when the bid-ask was 10 to 30c. 14K traded total against 5.4K in open interest and the short puts are being opened ahead of a profit report, tomorrow morning.

  • 01

    Dec

  • 09

    Jan

EXPR Express
$13.30

-0.18 (-1.34%)

08/24/16
WEDB
08/24/16
DOWNGRADE
WEDB
Neutral
Express downgraded to Neutral from Outperform at Wedbush
08/24/16
PIPR
08/24/16
DOWNGRADE
PIPR
Neutral
Express downgraded to Neutral from Overweight at Piper Jaffray
08/24/16
KING
08/24/16
DOWNGRADE
KING
Neutral
Express downgraded to Neutral from Buy at CL King
08/25/16
UBSW
08/25/16
DOWNGRADE
Target $10
UBSW
Sell
Express downgraded to Sell from Neutral at UBS
UBS analyst Michael Binetti downgraded Express to Sell and lowered its price target to $10 from $16. The analyst sees downside earnings risk despite the lowered guidance given deteriorating traffic, August traffic trends that he believes are running at the low end, product issues, and potential margin pressure as the company steps up direct mail marketing in 2H 2016.

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