Morry Brown

Stocks in the Retail sector were mixed Monday as consumers are generally done with their holiday shopping and winding down the December spending. A handful of names in the space were impacted by some comments from a Wedbush note from earlier Monday. Shares of lululemon closed up nearly 0.9...

Morry Brown of Wedbush and his team spent plenty of time at shopping malls observing traffic first and discussing traffic trends with store managers through the first three weeks of December. Here are his highlights: Specialty Retail: Lululemon Athletica inc. (NASDAQ: LULU) and Gap Inc'...

According to Morry Brown of Wedbush, Foot Locker, Inc. (NYSE: FL) has seen elevated traffic levels in December following new shoe releases. “Recent interviews with managers at core Foot Locker stores indicate holiday sales in December were off to a strong start aided by a string of strong new...

According to Morry Brown of Wedbush, both Nordstrom, Inc. (NYSE: JWN) and Macy's, Inc. (NYSE: M) attracted high levels of traffic throughout December following promotional activity that stole traffic away from specialty retailers. Brown commented in a note over the weekend that store checks...

According to Morry Brown of Wedbush, Lululemon Athletica inc. (NASDAQ: LULU) along with Gap Inc (NYSE: GPS) owned Old Navy were “traffic winners” among specialty retailers. Brown commented in a note over the weekend that both retailers are “early seasons' winners”...

Morry Brown of Wedbush commented in a note over the weekend that Coach Inc (NYSE: COH) handbags are seeing weak sales, while Michael Kors Holdings Ltd (NYSE: KORS) and Kate Spade & Co (NYSE: KATE) handbags are "hot items." In a note released over the weekend, Brown states that...

Has online shopping killed the traditional Black Friday craze? According to a note from Wedbush's Morry Brown, that just may be the case. "Whether it be the shift to online shopping or retailers decision to expand the Black Friday promotions over a longer period of time, one thing is...

In a report published Tuesday, Wedbush analyst Morry Brown reiterated a Neutral rating on Urban Outfitters, Inc. (NASDAQ: URBN), but lowered the price target from $32.00 to $30.00. In the report, Wedbush noted, “Commentary suggests ongoing challenges for Urban, as the concept adapts to retail...

Morry Brown of Wedbush previewed Ross Stores, Inc. (NASDAQ: ROST), TJX Companies Inc (NYSE: TJX) and Zumiez Inc. (NASDAQ: ZMZ) ahead of their earnings reports. Ross Stores: Favorite Name Ross Stores is Brown's favorite name heading into the third quarter given the company's...

In a note out Monday morning, Wedbush analyst Morry Brown upgraded TJX Companies Inc (NYSE: TJX) from Neutral to Outperform and increased the price target from $63 to $68. He cited superior EPS deliverability in an increasingly uncertain retail environment as the impetus behind the upgrade. He...

In a report published Friday, Wedbush analyst Morry Brown reiterated a Neutral rating on The Gap Inc. (NYSE: GPS), and raised the price target from $38.00 to $45.00. In the report, Wedbush noted, “Near-term merchandise challenges and the addition of management uncertainty keep us from buying the...

Ann Inc's (NYSE: ANN) best prospects as an investment lie it its potential as a takeover target, an analyst said Wednesday. Two activist hedge funds earlier this week again urged Ann's board to consider putting the company on sale. Wedbush's Morry Brown said the retailer's...

In a report published Wednesday, Wedbush Securities analyst Morry Brown initiated coverage on Ann Inc (NYSE: ANN) with a Neutral rating and $43.00 price target. In the report, Wedbush Securities noted, “We initiate coverage of ANN with a NEUTRAL rating and $43 price target. Our rating reflects a...