Analyst Gets Aggressive on Apparel Manufacturers: Raises Targets on GIII, MFB, PERY, WRC
More News related to GIII
- G-III Apparel (GIII) Files $300M Mixed Securities Shelf
- Analyst Gets Aggressive on Apparel Manufacturers: Raises Targets on GIII, MFB, PERY, WRC
- Unusual 11 Mid-Day Movers 9/4: TONE, JAZZ, LTXC, ESL Higher; ARRY, BPI, ZQK, GIII Lower
- G-III Apparel Group (GIII) Tops Q2 Estimates
- G-III Apparel Group (GIII) Reports Mixed Q2 Results; Guides FY10
More News related to MFB
- Maidenform Brands (MFB) Reports Mixed Q3 Earnings; Guides Q4, Raises FY09 Outlook
- Maidenform Brands, Inc. Reports Third Quarter 2009 Results and Raises Full Year Outlook for 2009
- Trading Radar for 11/10: Tyco Int. (TYC), ArvinMeritor (ARM), Clearwire (CLWR), American Apparel (APP) Report
- Maidenform Brands, Inc. Announces Earnings Release Date and Webcast for Third Quarter 2009 Results
- Maidenform Brands, Inc. to Participate in the Brean Murray Consumer Conference
More News related to PERY
- Perry Ellis (PERY) Reports Mixed Q3 Earnings; Raises FY09 Outlook
- Perry Ellis International Announces Results for Third Quarter Fiscal Year 2010
- Trading Radar for 11/18: NetApp (NTAP), Mitsubishi Fiancial (MTU), Chico's FAS (CHS), BJ's Wholesale (BJ), PetSmart (PETM) Report
- Perry Ellis International to Release Results for the Third Quarter of Fiscal Year 2010
- Perry Ellis International to Present at the 2009 Wells Fargo Consumer Conference
Brean Murray said it is getting more aggressive on the entire apparel manufacturing sector today. The firm believes that the group is "among the best positioned to benefit from a turn in consumer sentiment, as the 'perfect storm' of Q4FY09 turns to clearer skies..."
Brean Murray sees a "materially improved" inventory picture during this holiday season, and also notes that bankruptcies should not be a material issue (in comparison to last year's numerous bankruptcies). The firm points out that valuations for the apparel players have remained below the broad retail sector.
The firm made the following changes in the group today:
- Phillips-Van Heusen (NYSE: PVH) - initiated coverage with a Buy rating and $51 price target.
- G-III Apparel Group (Nasdaq: GIII) - raised its price target from $17 to $18, maintaining a Buy.
- Maidenform Brands (NYSE: MFB) - raised price target from $18 to $19.50, maintaining a Buy.
- Perry Ellis (Nasdaq: PERY) - raised price target from $15 to $18, maintaining a Buy. The firm also raised its FY11 EPS estimate to $1.20.
- Warnaco Group (NYSE: WRC) - raised its price target from $42 to $51, maintaining a Buy.
Related Categories
Analyst CommentsTrader Talk
Stocks Mentioned
+0.12Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
