13 Jul 2016 11:02
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Jimmy Choo Share News (CHOO)
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Don't have an account? Click here to register.BofA ML upgrades Jimmy Choo to 'buy'
Fri, 23rd Sep 2016 08:44
(ShareCast News) - Jimmy Choo got a boost on Friday as Bank of America Merrill Lynch upped the stock to 'buy' from 'neutral' and lifted the price target to 150p from 130p.It pointed out that although the stock offers the highest estimated earnings growth in the luxury sector, it trades at a 30% discount to peers, having de-rated by 25% year-to-date due to an uncertain environment and low liquidity in the stock."We have greater confidence in the group's LFL recovery in H2, as initiatives in the challenging US market are bearing fruit - confirmed by management at our Global Consumer Conference."Margin expansion should therefore accelerate in H2 placing it firmly back on track to reach its mid-term targets as the group unlocks its growth opportunities."The bank said the Jimmy Choo brand still has scope to increase its directly operated store network by at least 30% primarily driven by Asia and to penetrate men's shoes.It forecasts 120 basis points of earnings before interest and tax margin expansion over 2016-20E as the group benefits from increasing retail mix, scale and operating leverage.BofA said there is 7% incremental upside to its 2020 earnings per share estimate if mid-term targets are reached by then.At 0900 BST, the shares were up 3.3% to 125p.
More News
5 Jul 2016 10:02
Broker tips: UK retailers, Petrofac, Whitbread
(ShareCast News) - Liberum revisited its stance on UK general retailers on Tuesday in light of the more uncertain outlook following the vote to leave the European Union. The brokerage said it was more cautious on the generalists, given their UK exposure and in many cases high exposure to US dollar i
Read more5 Jul 2016 09:15
Liberum downgrades Pets at Home, upgrades Supergroup post Brexit
(ShareCast News) - Liberum revisited its stance on UK general retailers on Tuesday in light of the more uncertain outlook following the vote to leave the European Union. The brokerage said it was more cautious on the generalists, given their UK exposure and in many cases high exposure to US dollar
Read more1 Jul 2016 10:10
HSBC reiterates 'buy' but cuts target price on Jimmy Choo
(ShareCast News) - HSBC maintained its 'buy' rating on Jimmy Choo on Friday, after the luxury shoe maker said it was off to a good start to the year. In Jimmy Choo's 15 June trading update, it said had been trading in line with expectations so far this year despite tough trading conditions. The gro
Read more20 Jun 2016 09:25
ITV, Wolseley are Liberum's top-picks in case of Bremain, Brexit
(ShareCast News) - Depending on whether the UK finally decided to 'Remain' or 'Leave' then different London-listed securities were likelier to 'outperform' their respective sectors, Liberum said. The broker's 'top-picks' under a 'Remain', 'Leave' and 'Either way' scenario were, ITV, Wolseley and Bal
Read more15 Jun 2016 16:04
15 Jun 2016 11:02
Broker tips: Wood Group, Jimmy Choo, Lonmin
(ShareCast News) - Shares in oil and gas services company Wood Group rose on Wednesday as Jefferies initiated its rating on the stock at 'buy'. "The company, in our view, has executed a far more coherent growth/mergers and acquisitions strategy compared to UK Service peers, Amec Foster Wheeler and P
Read more15 Jun 2016 08:49
Liberum ups Jimmy Choo to 'buy' after trading update
(ShareCast News) - Liberum upgraded Jimmy Choo to 'buy' from 'hold' with an unchanged target price of 135p after the company's trading update. It said the update suggests Choo is showing resilience in a difficult market. Shares in the luxury goods maker shot higher on Wednesday after it said it had
Read more15 Jun 2016 07:25
Jimmy Choo striding ahead in new year
(ShareCast News) - Luxury goods maker Jimmy Choo said it had made a good start to the year and trading was in line with expectations despite headwinds facing the majority of the sector in 2016. "Jimmy Choo remains focused on controlled expansion and development of the retail portfolio whilst evolvin
Read more