"Nice run on a nice call by our veteran Retail analyst Brian McGough" writes Hedgeye CEO Keith McCullough this morning. "But now the crowd is chasing the stock into expectations that are much higher than when we put it in Investing Ideas.'
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McGough in a note earlier this morning: VFC just got an Outperform initiation at RBC. Seriously? This follows three upgrades in the previous four days. I’ve never seen so many positive stock calls on a name a week ahead of earnings. Unfortunately, I’m bullish – and now I’m downright concerned about Friday’s stock reaction. Expectations are stratospheric. |
