Chico's, Inc. (CHS) PT Lowered to $10 at UBS; Reiterates Neutral
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Price: $7.59 --0%
Rating Summary:
7 Buy, 20 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 3 | Down: 6 | New: 31
Rating Summary:
7 Buy, 20 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 3 | Down: 6 | New: 31
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UBS lowered its price target on Chico's, Inc. (NYSE: CHS) to $10.00 (from $16.00) while maintaining a Neutral rating. CHS reported 1Q EPS of $0.26 compared to the Street's $0.29 estimate. SSS missed significantly at -8.7% compared to the Street's -2%.
UBS lowed FY17 EPS estimates to $0.80 from $0.92. For 2Q UBS is forecasting -7% SSS, -25bp of GM compression, and $0.24 in EPS (previously $0.28).
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