Express investor sentiment may be bottoming, says Brean Capital Brean Capital remains buyers of Express following its disappointing Holiday season update. The firm cited new spring Trends, enhancement of its e-commerce platform, and its growing outlet channel. Shares are Buy rated with a $24 price target.
Express downgraded to Neutral from Buy at Goldman Goldman downgraded Express to Neutral based on lackluster fundamentals as the pace of promotions in the quarter indicate a less robust margin recovery. The analyst believes shares reflect fundamentals and upside risk of a potential takeover. Price target lowered to $17 from $18.