Goldman Sachs has noted that an analyst named Brad Cragin has left the firm, and his former targets and ratings in specialty apparel names are no longer in effect. These are some of the specialty apparel names that have been dropped from coverage:
- Columbia Sportswear Co. (NASDAQ: COLM),
- Nike Inc. (NYSE: NKE),
- Under Armour (NYSE: UA),
- lululemon athletica inc. (NASDAQ: LULU),
There were also many names in footwear and shoe retailing that were dropped:
- Foot Locker (NYSE: FL)
- Genesco (NYSE: GCO)
- Finish Line (NASDAQ: FINL)
- K-Swiss Inc. (NASDAQ: KSWS).
As a reminder, these are not true downgrades. This coverage was dropped as the analyst has left the firm and it appears to be in a rapid enough manner that Goldman Sachs was not able to transition coverage away to another analyst.
Jon C. Ogg
May 20, 2008
Jon Ogg produces and edits the “10 Stocks Under $10” weekly newsletter and he does not own securities in the companies he covers.