Guess should be used as source of funds ahead of results, says Buckingham Buckingham believes that Guess' Q4 results could be a negative catalyst for the stock. The firm expects the company's Q4 results to be in-line but low quality, and predicts that Guess' FY14 guidance will be below consensus. The firm keeps an Underperform rating on the shares.
News For GES From The Last 14 Days
Check below for free stories on GES the last two weeks.
On The Fly: Analyst Downgrade Summary Today's noteworthy downgrades include: CNOOC (CEO) downgraded to Hold from Buy at Jefferies... Guess (GES) downgraded to Neutral from Overweight at Piper Jaffray... Ingersoll-Rand (IR) downgraded at RW Baird... Lehigh Gas (LGP) downgraded to Neutral from Buy at Ladenburg... Lexicon (LXRX) downgraded to Hold from Buy at Gabelli... Monster Beverage (MNST) downgraded to Neutral from Buy at SunTrust... Nobel Biocare (NBHGY) downgraded to Hold from Buy at Berenberg... Saint Joe Co. (JOE) downgraded to Market Perform from Outperform at Raymond James... SolarCity (SCTY) downgraded at RW Baird.