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Stock Market & Financial Investment News

News Breaks
April 7, 2014
07:38 EDTGESGuess risk/reward remains compelling, says Brean Capital
Brean Capital believes the risk/reward for Guess remains compelling following meetings with management. The firm views the company as on track for turns in both Europe and domestic markets as well as in ecommerce and sees a renewed focus on fashion and key items. Shares are Buy rated with a $36 price target.
News For GES From The Last 14 Days
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July 15, 2015
12:18 EDTGESOn The Fly: Top stock stories at midday
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10:01 EDTGESOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AGCO (AGCO) upgraded to Market Perform from Underperform at Wells Fargo... Anglo American (AAUKY) upgraded to Outperform from Neutral at Credit Suisse... Avis Budget (CAR) upgraded to Buy from Hold at Deutsche Bank... Brookfield Renewable (BEP) upgraded to Neutral from Underperform at Credit Suisse... CSX (CSX) upgraded to Outperform from Sector Perform at RBC Capital... Centene (CNC) upgraded to Buy from Hold at Jefferies... Commerce Bancshares (CBSH) upgraded to Market Perform at Raymond James... Entegris (ENTG) upgraded to Buy at Craig-Hallum... Guess (GES) upgraded to Market Perform from Underperform at Telsey Advisory... Hertz (HTZ) upgraded to Buy from Hold at Deutsche Bank... Iberdrola (IBDRY) upgraded to Buy from Hold at Societe Generale... Liberty Global (LBTYA) upgraded to Conviction Buy from Buy at Goldman... LinkedIn (LNKD) upgraded to Overweight from Equal Weight at Barclays... Lonmin (LNMIY) upgraded to Neutral from Sell at Goldman... Navient (NAVI) upgraded to Overweight from Equal Weight at Barclays... NetApp (NTAP) upgraded to Sector Weight from Underweight at Pacific Crest... Omnicom (OMC) upgraded to Outperform from Market Perform at Wells Fargo... PTC Therapeutics (PTCT) upgraded to Overweight from Neutral at JPMorgan... Panera Bread (PNRA) upgraded to Overweight from Underweight at Piper Jaffray... Primerica (PRI) upgraded to Strong Buy from Market Perform at Raymond James... Sands China (SCHYY) upgraded to Overweight from Equal Weight at Barclays... Seagate (STX) upgraded to Buy at Craig-Hallum... Western Digital (WDC) upgraded to Buy from Hold at Craig-Hallum... Wolseley (WOSYY) upgraded to Overweight from Neutral at JPMorgan.
09:47 EDTGESGuess gaps up, levels to watch
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09:09 EDTGESGuess upgraded to Hold from Sell at Evercore ISI
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06:46 EDTGESGuess upgraded to Market Perform from Underperform at Telsey Advisory
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July 14, 2015
17:13 EDTGESGuess appoints Victor Guerrero as CEO
Paul Marciano, Co-Founder and CEO of Guess? announced that Victor Herrero will be his successor and new CEO of Guess?, in August. Paul Marciano will replace Maurice Marciano as Executive Chairman of the Board and will continue serving as Chief Creative Officer. Maurice Marciano will remain a director, and has been named Chairman Emeritus by the Board of Directors. Victor Herrero joins Guess? with over twenty years of global experience spanning Europe and Asia. Victor served as the head of Asia Pacific for Inditex Group, the world's largest fashion retailer with brands including Zara, Massimo Dutti, Pull & Bear, Bershka, and Stradivarius. In the past 10 years, Victor was responsible for building Inditex's multi-billion dollar business in Asia.
12:01 EDTGESVince Holding sinks to 52-week low after CEO resigns
Shares of Vince Holding (VNCE), a contemporary fashion brand, are sinking after the company announced the resignation of its Chief Executive Officer. WHAT'S NEW: Vince Holding announced yesterday that CEO Jill Granoff resigned from the company. Granoff, who advised the Board of her decision in advance, will remain CEO through a transition period, the company said. The company's Board of Directors plans to work with an executive search firm to identify potential CEO candidates. The company also announced that it has hired Livia Lee as its new senior vice president of Merchandising, reporting directly to Granoff in the interim and then her successor once appointed. Lee will join the company on July 20. WHAT'S NOTABLE: On June 25, Vince Holding Chief Financial Officer Lisa Klinger resigned. The company appointed Mark Brody, most recently Managing Director and Group CFO at Sun Capital Partners, as interim CFO. ANALYST REACTION: This morning, research firm William Blair downgraded Vince Holding to Market Perform from Outperform citing reduced visibility on company's long-term strategy following the resignation of CEO Jill Granoff and CFO Lisa Klinger. Despite the downgrade, William Blair did note that its store checks continue to suggest the brand remains healthy. The firm sees limited downside to numbers from these levels. PRICE ACTION: In late morning trading, Vince Holding fell $2.33, or about 19.5%, to $9.62 on more than four times its average daily trading volume. Earlier in the session, the stock hit a fresh 52-week low of $9.46. Including today's pull back, the shares have lost approximately 72% over the past 12 months. OTHERS TO WATCH: Other contemporary fashion brands include Guess?, Inc. (GES), Ralph Lauren (RL) and Express, Inc. (EXPR).

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