Barclays Maintains an 'Overweight' on Warnaco Group (WRC); Meeting With Management

Barclays maintains an 'Overweight' on Warnaco Group (NYSE: WRC) price target of $65.00.

Barclays analyst says, "The company remains focused on its strategy of growing the Calvin Klein business through international and retail expansion: The international segment is ~60% of the business, and is expected to represent 70% of total revenue long term, with Asia and Latin America as major growth vehicles. Direct to consumer represents 27% of the business and is expected to generate over one-third of total revenue long term. Organic sq. footage growth of 100k-120k is expected in FY12 (likely greater with acquisitions), with 50%+ in Asia, 25% in LatAm and the remaining 25% in Europe."

For an analyst ratings summary and ratings history on Warnaco Group click here. For more ratings news on Warnaco Group click here.

Shares of Warnaco Group closed at $47.00 yesterday.

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