We are reiterating our Buy rating, price target and projections for Express after visiting stores in Connecticut and Long Island. We believe Express has continued to aggressively reduce inventory levels and potential product overhang into 2024, as the company takes advantage of a strong women's offering, reduced dependence on heavy seasonal items (i.e. outerwear), new categories (loungewear), improved accessories offerings, and strong value and versatility, all of which have somewhat offset what has been a tough period for the men's offerings. As such, we believe Express is on track to achieve our 4Q projections. We reiterate our Buy rating and price target.