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Stock Market & Financial Investment News

News Breaks
May 27, 2014
20:25 EDTKORS, KORS, TOL, TOL, DSW, DSW, CHS, CHS, CBRL, CBRL, BWS, BWSNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Michael Kors (KORS), consensus 68c; Toll Brothers (TOL), consensus 26c; DSW (DSW), consensus 48c; Chico's FAS (CHS), consensus 28c; Cracker Barrel (CBRL), consensus $1.22; Brown Shoe (BWS), consensus 31c.
News For KORS;TOL;DSW;CHS;CBRL;BWS From The Last 14 Days
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April 17, 2015
11:48 EDTDSWDSW management to meet with William Blair
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April 16, 2015
16:17 EDTBWSBrown Shoe launches rebranding initiative
Brown Shoe Company announced the official launch of its rebranding initiative, in affirmation of its evolving position in the marketplace. This initiative will help focus the company on a renewed standard of excellence, as it looks to best position its brand portfolio for accelerated growth and global expansion. The name Caleres and the 'Star-Five-Star' mark, which is incorporated into the Caleres logo, were selected to reflect the company's history and its passion for fit. Caleres was derived from the Latin word 'calere,' which translates to 'passionate, to glow.' The 'Star-Five-Star' mark has been in use by the company since 1885 and represents its passion around fit and its continuing dedication to creating the perfect fit for any lifestyle. Together, the name and the mark represent the company's vision to be ferocious about fit in everything it does, whether it be in terms of production, style, trends or service. The company also announced the impending launch of its new men's footwear business, Brown Shoe Bootmakers. The brand will take an artisan but rugged approach to men's shoes and is set to launch in 2016.
09:55 EDTKORSMichael Kors view changed to Mixed from Positive at OTR Global (pre-open)
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09:23 EDTDSWDSW comp momentum likely to drive Q1 upside, says Cleveland Research
Cleveland Research said strong comp momentum indicates potential margin upside to Q1 and 1 H. The firm said continued outperformance and favorable industry trends increases its confidence in potential upside and raised estimates above consensus.
05:55 EDTKORSCoach upgraded to Overweight from Equal Weight at Barclays
Barclays analyst Joan Payson upgraded Coach to Overweight citing greater confidence in the designer's ability to grow domestic store comps with its turnaround "well underway." She expects Coach's competitive pressures to ease and raised her price target for shares to $50 from $38. The maker of handbags closed yesterday down 28c to $41.76. Payson also lowered her price target for shares of Michael Kors (KORS) to $60 from $70 and keeps an Equal Weight rating on the name. She believes Kors may soon be in need of transformation. The analyst keeps an Equal Weight rating on Tiffany (TIF), calling the company a "work in progress."
April 9, 2015
09:18 EDTCHSBofA/Merrill retail analysts hold an analyst/industry conference call
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