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. .
S&P announces changes to the S&P 600 index S&P Dow Jones Indices will make the following changes to the S&P SmallCap 600: Inogen (INGN) will replace Micrel (MCRL) in the S&P SmallCap 600 after the close of trading on Monday, August 3. S&P 500 constituent Microchip Technology (MCHP) is acquiring Micrel in a transaction expected to be completed on or about that date pending final approvals. Express (EXPR) will replace Associated Estates Realty (AEC) in the S&P SmallCap 600 after the close of trading on Wednesday, August 5. Brookfield Asset Management (BAM) is acquiring Associated Estates Realty in a transaction expected to be completed on or about that date pending final approvals.