Stage Stores shares should be bought on weakness, says SunTrust After Stage Stores reported higher than expected Q1 EPS but lower than expected sales and comps, SunTrust thinks the miss largely reflects a shift in Mother's Day marketing and sales to Q2. The firm thinks the stock traded down on the company's exposure to Texas and it believes that the sell-off was overdone.
Stage Stores upgraded to Outperform from Market Perform at Telsey Advisory Telsey Advisory upgraded Stage Stores to Outperform with a $21 price target citing yesterday's decline following the Q1 earnings report. Note B. Riley also upgraded shares this morning.
Stage Stores upgraded to Buy from Neutral at B. Riley B. Riley upgraded Stage Stores to Buy citing a better risk/reward following the Q1 earnings report. The firm lowered its price target for shares to $20 from $22.50.