Information Provided By:
Fly News Breaks for December 31, 2019
MIK
Dec 31, 2019 | 06:44 EDT
Morgan Stanley analyst Simeon Gutman said he thinks highly of Michaels' incoming CEO Ashley Buchanan and views the hiring as a positive, but his fundamental concerns that the company is a mature retailer operating with high margins despite struggling to grow sales are unchanged. Michaels has been clarifying its strategy, but has been unable to execute, meaning a deeper investment phase may be necessary to make progress and compete effectively, said Gutman, who maintains an Underweight rating and $5 price target on the shares.
News For MIK From the Last 2 Days
There are no results for your query MIK