follow us

Sears sees investment rating trimmed

New York — Looking for more top-line growth at Sears, Roebuck and Co., the nation's fourth-largest retailer, Goldman Sachs analyst George Strachan modestly trimmed his investment rating on Sears stock to "market outperform," and removed the retailer from the company's recommended list.

While taking Sears down a peg, Strachan still remains relatively bullish, and said in a research note, "Sears remains a dominant hardlines franchise with a solid credit portfolio and compelling cost savings opportunities still ahead; to achieve further multiple expansion, we believe Sears needs to demonstrate top-line growth."

Other Home Furnishings Sites

Casual Living
Gifts and Decorative Accessories
Home Accents Today
Kids Today
Home & Textiles Today