Brean Murray Carret & Co. Downgrades Maidenform Brands to Hold; Slip Showing at MFB

Brean Murray Carret & Co. downgraded Maidenform Brands (NYSE: MFB) from Buy to Hold.

Brean analyst says, "We are cutting our 2011 and 2012 EPS projections to $1.73 (from $2.18) and $2.00 (from $2.45), respectively, reducing our Rating to Hold and withdrawing our price target after material misses in 3Q results and 4Q guidance, driven by weakening results in the department store and mass merchant channels, as the weakness we had seen in the Hanesbrands' (NYSE: HBI)(BUY-rated) conference call in the replenishment cycle hit with even greater force at MFB."

For an analyst ratings summary and ratings history on Maidenform Brands click here. For more ratings news on Maidenform Brands click here.

Shares of Maidenform Brands closed at $24.12 yesterday, with a 52 week range of $20.66-$32.19.

---

Discover Wall Street's best ratings calls with the pros - Upgrade to Ratings Insider Elite. Free Trial!

You May Also Be Interested In

• UPDATE: UBS Downgrades Wisconsin Energy (WEC) to Neutral; Taking Some Off The Table
• Brean Murray Carret & Co. Downgrades NetApp (NTAP) to Hold; Visibility Challenged
• Nomura Securities Maintains a 'Neutral' on Tiffany & Co. (TIF); Cutting Estimates and Price Target

Create E-mail Alert Related Categories

Downgrades

Related Entities

Brean Murray Carret & Co.

Add Your Comment

Name

Subject

Body

Verification can't see the text?
click here to refresh the image.
what's this?

Follow StreetInsider.com On Twitter