SAKS, Inc (SKS)
Today, J. P. Morgan raised ‘SKS’ to overweight from neutral. They had a target price on the stock at $7 a share. Yesterday ’SKS’ closed at $8.76 way over J. P. Morgan target price. Where they were when the stock was trading as low as $6.25 earlier this year ? It is an example how analysts” take a cover” after a stock move up or down and the only way to be right is to change their opinion on a stock after it made it’s move.
I personally believe that ’SKS’ will move much higher to as high as $20 a share by the end of the year, also there is the possibility that the company will be a target of “take over”.
COLDWATER CREEK, Inc (CWTR)
At $7 a share, I believe ‘CWTR’ that it is a under value. The company had it’s challenges in the past and with some personal changes it moves in the right direction. Sales will increase, as the economy getting better and with inventory control ’CWTR‘ can reach $12 a share