Michael Binetti

UBS reiterated its Buy rating Nike Inc (NYSE: NKE), which reports its third quarter results on March 21. Analyst Michael Binetti expects Nike to report EPS of $0.51, global revenues up 5 percent and futures growth of 2 percent. he projects NA revenues to increase 1.7 percent, but sees a 4 percent...

Gap Inc (NYSE: GPS) reported its Q3 EPS in line with its pre-release, with better-than-expected gross margins. Cost reductions are getting tougher to achieve, and the company made a slow start to November, UBS's Michael Binetti said in a report. He maintains a Sell rating on the company, while...

UBS maintains its Buy rating and sees 9 percent potential upside in Foot Locker, Inc. (NYSE: FL) shares ahead of the company’s third-quarter results on November 18. Europe, America And SSS Figures The brokerage expects third-quarter EPS estimate of $1.10, in line with Street, on 5.1 percent...

UBS’ Michael Binetti believes that the announcements made by Ferrari N.V. (NYSE: RACE) at the Paris Auto Show pave the way for upside during 2017. Binetti maintained a Buy rating on the company, while raising the price target from $53 to $60. Pipeline Update The analyst mentioned that...

Following its meeting with Abercrombie & Fitch Co. (NYSE: ANF), UBS believes sales trends could improve by the fourth quarter. The firm call the company's plan to boost sales thoughtful. Analyst Michael Binetti noted that a new Hollister loyalty program is responsible for accelerating frequency...

Michael Binetti, a retail analyst at UBS, spoke with Bill Kirk (CEO and Co-Founder of Weather Trends International) to better gauge which retailers are in a position to succeed or fail. Kirk is calling for one of the largest year-over-year winter temperature declines and a very cold winter will...

UBS downgraded Express, Inc. (NYSE: EXPR) to Sell from Neutral and slashed the price target by $6 to $10, saying EPS risk is skewed to the downside on deteriorating traffic, weaker same store sales trends, product issues and potential margin pressures. "While EXPR believes its merchandise...

UBS maintains its Sell rating on Gap Inc (NYSE: GPS), despite the second-quarter beat, on reduced cost cutting opportunity and low same-store sales visibility. Gap reported second-quarter EPS of $0.60, better than the consensus view of $0.59, driven by better-than-expected gross margin and...

Macy's Inc (NYSE: M) surprised analyst estimates after reporting strong earnings per share and revenues, sending shares up over 10 percent. One comment in the quarterly report, however, left some investors scratching their heads on whether the news was good or bad for the company: Macy'...

UBS reiterated its Buy rating on Ferrari N.V. (NYSE: RACE), saying the company's pricing power remains "underappreciated." "We believe RACE's recent comments on price increases are underappreciated as profit upside drivers going forward. We believe RACE has successfully tested like-for-like price...

Ferrari N.V. (NYSE: RACE) is expected to release Q2 earnings on August 2 with earnings-per-share estimates of $0.45 and revenue of $767.22 million. UBS's Take UBS's Michael Binetti commented on Ferrari's positive outlook, previewing earnings. After positive analysis, Binetti reiterated the...

Nike Inc (NYSE: NKE) seems poised for multi-quarter acceleration and its stock is significantly de-risked, UBS’ Michael Binetti said in a report. He reiterated a Buy rating for the company, with a price target of $70. The analyst commented that 1Q should see some more inventory clearing,...

UBS analyst Michael Binetti took a look at the off-price channel in a recent note to investors. Binetti examined the impact of improved customer service on off-channel store performance by looking at two different names in the space - with opposing views on the importance of a focus on improving...