Express price target raised to $20 from $16 at BMO Capital BMO Capital increased its price target on Express after private equity firm Sycamore Partners sent a letter to Expressís board indicating its interest in acquiring the company, and Express formed a committee to decide on a course of action. The firm thinks that Express has a valuation range of $20-$22. It keeps an Outperform rating on the shares. .
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.