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Cowen's Big-Box Pair Trade: Wal-Mart Upgraded, Target Downgraded
Monday, September 12, 2016 - 1:33pm | 387Read More...Cowen believes Wal-Mart Stores, Inc. (NYSE: WMT) is all set to regain its dominance in the retail sector. Analysts Oliver Chen and Steven Zaccone think a combination of investments like its Jet.com acquisition and creative integration of its physical and online divisions bodes well for the name....
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For Vera Bradley, Cowen Says Q4 Could Be The Moment Of Truth
Friday, September 2, 2016 - 2:01pm | 350Read More...Cowen reported Vera Bradley, Inc. (NASDAQ: VRA) could report a positive comp in the fourth quarter, driven by product modernization, store update, web launch and marketing newness. The brokerage noted that management believes the biggest catalyst to returning comps to positive territory is traffic...
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Comp Sales At The Gap Slip Further Than Expected
Friday, September 2, 2016 - 10:01am | 287Read More...Cowen’s Oliver Chen mentioned that Gap Inc (NYSE: GPS) reported comps of -3 percent for August, below the consensus, driven by the strength in Old Navy bring offset by weakness at the Gap brand and Banana Republic. Chen maintained a Market Perform rating on the company, with a $25 price...
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Tiffany & Co Price Target Raised By Cowen On Encouraging Q2
Friday, August 26, 2016 - 12:41pm | 356Read More...Cowen raised the price target of Tiffany & Co. (NYSE: TIF) by $6 to $74 on "encouraging" second quarter results and improving sentiment. Tiffany's second quarter EPS topped Street view by $0.12 on better-than-expected gross margin and less SG&A de-leverage. However, total...
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Optimism On Coach Remains For Cowen, As Survey Results Come In Strong
Monday, August 22, 2016 - 3:44pm | 357Read More...Cowen analyst, Oliver Chen, expressed his optimism about Coach Inc (NYSE: COH) shares. The confidence was due to its Consumer Tracker Survey, which indicated gains on a year-over-year basis in June and July. The brokerage maintains its Outperform rating on the company's shares. The brokerage...
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Traffic Issues Continue To Plague The Gap
Tuesday, August 9, 2016 - 9:28am | 329Read More...Gap Inc’s (NYSE: GPS) July comps missed expectations and the traffic trends remain challenged, Cowen’s Oliver Chen said in a report. He maintained a Market Perform rating on the company, with a price target of $25. Tough July Comps Gap’s overall comp declined 4 percent in...
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Retailers, T-Mobile Can Benefit From Pokémon GO's Success
Friday, July 15, 2016 - 9:53am | 429Read More...Anyone not living under a rock has come to know by now that Nintendo Co., Ltd (ADR) (OTC: NTDOY) Pokémon GO is a smashing hit. Meanwhile, many retailers are looking to get in on the action and hope to lure customers to their stores. CNBC cited a research report by Cowen & Co.'s Oliver Chen, who...
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Cowen's Retail Expert Says Macy's Is 'Focused On The Right Areas'
Wednesday, May 11, 2016 - 2:11pm | 250Read More...Oliver Chen, Cowen's retail expert, was a guest on Wednesday's edition of CNBC's "Squawk On The Street" to discuss Macy's, Inc. (NYSE: M)'s stock which plunged 13 percent and hit a new 52-week low of $31.82 following the release of its first quarter results....
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Cowen's Chen Starts JC Penney Coverage, But Needs More Before Getting Excited
Monday, February 22, 2016 - 11:00am | 265Read More...Cowen's Oliver Chen initiated coverage with a Market Perform rating for J C Penney Company Inc (NYSE: JCP) and a price target of $8. He mentioned that while an impressive turnaround seems to be in progress, the risks are “too large to ignore.” JC Penney seems to be making the...
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Cowen Upgrades Coach, Says Improved Marketing And Promos Are Driving Traffic
Tuesday, December 15, 2015 - 10:38am | 320Read More...Coach Inc (NYSE: COH) shares have appreciated 7.3 percent over the past three months, after having fallen close to their 52-week low on September 28. Cowen’s Oliver Chen has upgraded the rating on the company from Market Perform to Outperform, while raising the price target from $35 to...
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How The Entry Of Traditional Watch Makers Into Smartwatches Will Impact The Category And Apple
Monday, March 23, 2015 - 2:51pm | 375Read More...It was recently reported that Tag Heuer and Fossil Group Inc (NASDAQ: FOSL) are working toward launching their own Android-based smartwatch. Oliver Chen, analyst at Cowen Group, was on CNBC Monday to discuss how entry of traditional watch makers into smartwatch space will impact the category and...
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Analyst Sees Retailers Benefiting From Lowered Consensus
Monday, March 9, 2015 - 2:52pm | 297Read More...Despite high valuations for the shares of big retailers, an analyst said Monday that an improving economy and cheap gas will drive many of them higher. Moreover, a string of disappointing 2015 guidance from major players has reset Wall Street expectations and lowered the bar for potential...
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Cowen Group's Retail Analyst Discusses Kohl's And L Brands
Thursday, February 26, 2015 - 3:47pm | 383Read More...Most retailers came out with better-than-expected numbers this earnings season and one important factor that fueled that, according to Cowen Group retail analyst Oliver Chen was lower fuel prices. Chen was on CNBC Thursday to discuss the outlook for the overall retail sector and share his views...
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UPDATE: Citi Upgrades Kohl's Corporation
Thursday, September 18, 2014 - 8:43am | 159Read More...In a note date September 17, Citi analyst Oliver Chen upgraded shares of Kohl's Corporation (NYSE: KSS) from Neutral to Buy and raised the price target from $63 to $70. Looking forward, Chen commented, "We expect an improved product assortment, loyalty program leverage, and prudent...
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UPDATE: Citi Initiates Coverage On Costco Wholesale Corporation
Monday, September 15, 2014 - 11:24am | 140Read More...Analysts at Citi Research initiated coverage on Costco Wholesale Corporation (NASDAQ: COST) with a Buy rating and $150 price target Monday. Oliver Chen highlighted factors that may yield upside in shares of Costco: Costco provides high-end products for affordable prices. Costco offers a low...
