Needham & Company Maintains a 'Strong Buy' on Destination Maternity (DEST); Trimming Estimates

Needham & Company maintains a 'Strong Buy' on Destination Maternity (NASDAQ: DEST) price target cut from $22 to $20.

Analyst, Sean McGowan, said, "We have lowered our F2012 EPS estimate from $1.60 to $1.40, but maintain our Strong Buy rating as we do believe the shares can appreciate more than 20% in the next 12 mos." (Needham lowers FY13 EPS estimate from $1.95 to $1.65)

For an analyst ratings summary and ratings history on Destination Maternity click here. For more ratings news on Destination Maternity click here.

Shares of Destination Maternity closed at $16.69 yesterday.

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