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CHS

Chico's

$8.59

0.1 (1.18%)

06:41
10/11/17
10/11
06:41
10/11/17
06:41

Chico's downgraded to Underperform from Neutral at BofA/Merrill

BofA/Merrill analyst Lorraine Hutchinson downgraded Chico's to Underperform and cut its price target to $7.50 from $8.50 saying the premium multiple is unwarranted. The analyst still expects operating margin declines due to weak sales and promotional pressures and said the recent run in shares is a function of a broader retail rally rather than improving fundamentals.

CHS Chico's
$8.59

0.1 (1.18%)

11/16/16
NOMU
11/16/16
DOWNGRADE
NOMU
Neutral
Chico's downgraded to Neutral from Buy at Nomura
11/16/16
11/16/16
DOWNGRADE

Neutral
Chico's downgraded to Neutral due to valuation at Nomura
As previously reported, Nomura downgraded Chico's to Neutral from Buy citing valuation.
05/25/17
WOLF
05/25/17
DOWNGRADE
WOLF
Peer Perform
Chico's downgraded to Peer Perform from Outperform at Wolfe Research
05/25/17
05/25/17
DOWNGRADE

Chico's downgraded to Peer Perform at Wolfe Research
As previously reported, Wolfe Research downgraded Chico's to Peer Perform from Outperform following the Q1 report. The analyst said sales-to-inventory growth turned negative in the quarter, sees a slow recovery in fixing industry excess supply, and potential margin pressures as they redirect product direction.

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