UBS is a sports fan
UBS retail industry analyst Roxanne Meyer likes Ann and TJX, but Jefferies analysts warned investors that expectations for TJX are too high, and sentiment is potentially too positive. As a result, there is a risk for shares of the off-price retailer in 2014.
Jefferies made similar comments about Ross Stores, Michael Kors, L Brands, Tiffany, and Under Armour.
(Read more: US consumers a hard sell for traditional retail)
UBS' Michael Binetti is watching the world of sports for his 2014 forecast. Binetti said Foot Locker, Finish Line and Nike are well-positioned for growth in 2014 thanks to product introductions and price increases in basketball footwear.
There is much anticipation that Nike will launch a lower-priced version of its popular "flyknit" sneaker. Binetti said the flyknit technology "has strong potential to be the next 'big platform' catalyzing total industry growth."
Best yet to come for BBY?
Best Buy shares could have more room to run in 2014, despite the stock's monster rally, said Janney's David Strasser. He still likes Best Buy and estimates fourth-quarter earnings will be slightly ahead of the Wall Street's consensus estimates but notes that profit margins remain a concern. Currently, analysts are estimating that Best Buy will earn $1.61 a share in the fourth quarter.
(Read more: Why Best Buy may be a bad buy: Strategists)
Strasser is also telling clients that while the holiday season wasn't a strong one for Costco, it "remains the industry leader for consumer value and continued price investments," which will drive shoppers into the store and ultimately lead to outperformance in 2014.
Janney has an investment banking relationship with both Costco and Best Buy.
When it comes to the beaten-down teen retail space, American Eagle seems to be the favorite among analysts. There are still plenty of concerns about Aeropostle, and Wall Street's opinion Abercrombie & Fitch is split.
Piper Jaffray said Abercrombie's ability to reduce shipping time and its online sales events will boost the number of online shoppers and its sales over time. But Jefferies' retail team downgraded Abercrombie shares to "hold" from "buy" last week, citing concerns about the retailer's ability to remain relevant with its core teen shopper.
Some analysts expect Abercrombie, Aeropostale and American Eagle will warn of weak holiday quarter results by mid-January.
—By CNBC's Courtney Reagan. Follow her on Twitter