Saks (SKS +0.5%) catches an upgrade from Credit Suisse to Neutral from Underperform with a new...

|About: Saks Incorporated (SKS)|By:, SA News Editor

Saks (SKS +0.5%) catches an upgrade from Credit Suisse to Neutral from Underperform with a new price target of $8. Analyst Michael Exstein cites a stronger balance sheet and productivity gains as prepping the luxury retailer to withstand an economic downturn better than peers.