Guggenheim Initiates Coverage On 21 Retail Stocks

Guggenheim Securities initiated coverage on 21 companies in the retail sector. The brokerage accorded 13 companies with a Buy rating and the rest with a Neutral rating.

The firm's ratings are listed below. Check back on Benzinga for further coverage of these initiations.

Discount Store Operators

• Wal-Mart Stores, Inc. WMT: Buy rating
• Target Corporation TGT: Neutral rating

Luxury And Life Collections

• Coach Inc COH: Buy
• Michael Kors Holdings KORS: Neutral

Fashion Specialty & Branded Apparel Retailers

• Nordstrom, Inc. JWN: Buy
• J C Penney Company JCP: Neutral
• Kohl's Corporation KSS: Buy
• Macy's Inc M: Buy
• TJX Companies Inc TJX: Buy
• Ross Stores, Inc. ROST: Buy
• Burlington Stores Inc BURL: Neutral
• PVH Corp PVH: Buy
• VF Corp VFC: Buy

Sports Accessories & Services

• Nike Inc NKE: Buy
• United Armour UA: Buy
• Deckers Outdoor Corp DECK: Neutral
• Ralph Lauren Corp RL: Neutral

Jeweler & Specialty

• Tiffany & Co. TIF: Buy

Shoe & Apparel

• Foot Locker, Inc. FL: Neutral

Diversified Service Provider Online

• Amazon.com, Inc. AMZN: Buy

Brand Management

• Iconix Brand Group Inc ICON: Neutral