Jesup & Lamont Initiates Coverage on J. Crew Group (JCG) with a Buy
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Jesup & Lamont initiates coverage on J. Crew Group (NYSE: JCG) with a Buy. Price target $45.
Jesup analyst says, "We see potential upside to 3Q09 EPS estimates as we believe that JCG’s 3Q09 comps should be at least flat vs. (MSD) guidance and (3.7%) consensus; comp sales declined (3%) in 3Q08, (13%) in 4Q08...We believe that JCG will be one of the winners long term given its strong merchandise positioning, brand equity, multi channel model, small store base with growth prospects and new opportunities such as Madewell and crewcuts. JCG offers upscale fashion and quality in apparel and accessories and we believe that this merchandise mix and execution continues to appeal to a wide range of customers."
To see more analyst ratings on JCG Click Here.
J.Crew Group, Inc. operates as a multi-channel specialty retailer in the United States.
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