Wall Street Analysts’ Weekly Recap
G-III Apparel Group
Barclays downgraded G-III Apparel stock to Underweight citing revenue headwinds from Macy’s store closures and lost licenses. The bank remains cautious about future license agreements and potential acquisitions, suggesting limited visibility into the company’s growth prospects.
The stock reacted negatively to the news, trading lower and closing with a significant decline.
Sea Ltd.
JPMorgan upgraded Sea Ltd to Overweight, anticipating positive earnings revisions in the ecommerce sector. They caution investors about potential volatility in earnings expectations but recommend trading these fluctuations for gains.
Sea Ltd stock traded up on the upgrade, closing the session with a notable gain.
Old Dominion
BofA downgraded Old Dominion to Neutral due to limited upside and lagging volume growth. Despite a positive outlook on the company’s operations, the analysts believe its premium valuation restricts further growth potential.
Old Dominion stock reacted positively to the news, opening higher and closing with a gain.
Shake Shack
TD Cowen upgraded Shake Shack to Outperform, citing improved EBITDA revisions and the hiring of a new CEO. The analysts believe that the brand’s efforts in operational efficiency will drive positive revisions and attract more traffic.
Shake Shack stock responded well to the upgrade, opening and closing higher during the session.
Textron
BofA upgraded Textron to Buy, highlighting the company’s strong position in various sectors and predicting a positive outlook for future growth. The analysts see Textron as a solid investment with potential for shareholder-friendly capital deployment.
Textron stock traded up on the upgrade news, closing with a gain at the end of the session.
