Susquehanna Maintains a 'Positive' Rating on The Gymboree Corp (GYMB); Raises Estimates & PT
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- Susquehanna Maintains a 'Positive' Rating on The Gymboree Corp (GYMB); Raises Estimates & PT
Susquehanna maintains a 'Positive' rating on The Gymboree Corp (Nasdaq: GYMB), raises price target from $55 to $58.
Susquehanna analyst says, "GYMB continues to manage the business well in what remains a challenging consumer environment. Despite a 3Q09 comp drop of 4%, management was once again able to generate improved profit performance, raising the earnings outlook for the quarter. Based on management's ability to appropriately align the business to drive consistent profitability, coupled with the upward revision in earnings guidance, we are increasing our EPS projections and raising our 12-month price objective to $58 from $55."
To see more analyst ratings on GYMB Click Here.
The Gymboree Corporation, a specialty retailer, operates stores offering apparel, accessories, and play programs for children in the United States, Canada, and Puerto Rico.
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