Saks (SKS) Jumps 12% After Deutsche Bank Pounds The Table
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Saks Incorporated (NYSE: SKS) is seeing a 12% move higher after Deutsche Bank upgraded the stock to Buy and went to 'Street High' price target of $7. Shares are currently at $4.24.
The firm said, "we now have conviction that SKS has solid initiatives & strategies currently in place that will drive FY12 EBIT margins toward FY07 levels (+4.39%)." MORE from the note here.
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