UBS downgraded Express, Inc. to Sell from Neutral and slashed the price target by $6 to $10, saying EPS risk is skewed to the downside on deteriorating traffic, weaker same store sales trends, product issues and potential margin pressures."While EXPR believes its merchandise will be in a better position in 4Q/early '17, we didn't hear a clear diagnosis of product issues other than the consumer being confused by too much choice in 2Q. And guidance for traffic to remain a headwind through 4Q left us concerned that fixing the product issue could take more than 1-2 qtrs," analyst Michael Binetti wrote in a note.via