Oliver Chen

In a note released Monday morning, Citigroup analyst Oliver Chen initiated coverage of Target Corporation (NYSE: TGT) at Neutral with a $66 price target. Chen commented, "In our view, Target is taking right steps to improve execution, but we believe the stock offers fair risk/reward with...

In a note released Monday morning, Citigroup analyst Oliver Chen initiated coverage of Wal-Mart Stores, Inc. (NYSE: WMT) with a Neutral rating and an $83 price target. Chen wrote, "We believe the stock could be range bound and we rate Wal-Mart Neutral given: the lack of potential upside at...

Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ: ULTA) gained more than 20 percent Friday after the company unveiled a five-year plan for impressive growth. Analysts broadly applauded the Bolingbrook, Illinois, retailer and salon service provider's business goals, which suggest 2019...

Ross Stores (NASDAQ: ROST) shares gained more than seven percent Friday after beating second-quarter Street views, but analysts were divided on the company's outlook. The nation's third-largest off-price apparel retailer is expanding its square footage even as sales growth slows, Credit...

American Eagle Outfitters (NYSE: AEO) posted a 70 percent decline in second-quarter earnings, while same-store sales fell seven percent, but it wasn't as bad as Wall Street expected. The apparel retailer's shares opened sharply higher Thursday and climbed during the day. "It was...

Fossil (NASDAQ: FOSL) fell more than five percent Wednesday on narrowing margins and decelerating sales growth, while analysts fretted over promotions and pending contracts. The manufacturer and retailer of fashion accessories posted a 22 percent decline in profits on 10 percent sales growth...

Coach's (NYSE: COH) second-quarter same-store sales drop of 17 percent and its $132 million charge for inventory "realignment" and store closings helped keep analysts on the sidelines Wednesday. Citi's Oliver Chen said he's "most encouraged" by the decline in...

A number of analysts released coverage on Michael Kors (NYSE: KORS) Tuesday, stating concerns of margin stability, increased inventory and discounted products. Maxim downgraded Michael Kors from Buy to Hold with a price target cut from $109 to $85 a share. Analyst Rick Synder noted concerns of...

Coach's (NYSE: COH) plan to shut 20 percent of its stores and upgrade the rest received uniformly dour reviews on Wall Street, as shares hit a low for the year on Friday. Coach on Thursday unveiled related restructuring charges of up to $300 million and said same-store sales were likely to...

In a note released Tuesday, Citigroup analyst Oliver Chen Upgraded J.C. Penney Co. (NYSE: JCP) from Neutral to Buy and raised the price target from $7.50 to $11. Chen attributes his positive view of J.C. Penney to the company "going back to the basics." Chen believes this move will lead the...

In a report published Friday, Citigroup analyst Oliver Chen reiterated a Buy rating on Ulta Salon, Cosmetics & Fragrance (NASDAQ: ULTA), but lowered the price target from $145.00 to $123.00. In the report, Citigroup noted, “Comps encouragingly +6.8% vs. guidance of +5-7%, & EPS only a...

In a report published Wednesday, Citigroup analyst Oliver Chen reiterated a Neutral rating on Tiffany & Co. (NYSE: TIF), and raised the price target from $88.00 to $100.00. In the report, Citigroup noted, “TIF executed on high quality EPS given better sales (+7%) and gross margins (+255bps)...

In a report published Wednesday, Citigroup analyst Oliver Chen reiterated a Neutral rating on Signet Jewelers Ltd. (NYSE: SIG), and raised the price target from $76.00 to $86.00. In the report, Citigroup noted, “We're pleased with SIG's solid 3Q performance and reiterate our thesis that accessory...

In a report published Tuesday, Citigroup analyst Oliver Chen reiterated a Buy rating on Coach (NYSE: COH), and raised the price target from $58.00 to $63.00. In the report, Citigroup noted, “We met with N. American President Fran Della Badia, as well as Store Manager, Eliot Ko, & District...

In a report published Friday, Citigroup analyst Oliver Chen reiterated a Neutral rating on Ross Stores (NASDAQ: ROST), and raised the price target from $75.00 to $77.00. In the report, Citigroup noted, “ROST is preparing for the most intensively competitive and promotional selling period in recent...