Janney Montgomery Scott Upgrades New York & Co (NWY) to Buy
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Price: $3.50 --0%
Rating Summary:
3 Buy, 4 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 6 | New: 26
Rating Summary:
3 Buy, 4 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 6 | New: 26
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Janney Montgomery Scott upgraded New York & Co (NYSE: NWY) to Buy with a price target of $5.00.
The firm cited: 1) improved product we have seen thus far in spring that is color, trend-right, and target-right, 2) overall improved weather patterns in 1Q12 that are benefiting the apparel sector in general and missy sectors, in particular, and 3) an attractive valuation on an EV/Sales basis.
For an analyst ratings summary and ratings history on New York & Co click here. For more ratings news on New York & Co click here.
Shares of New York & Co closed at $3.25 yesterday.
The firm cited: 1) improved product we have seen thus far in spring that is color, trend-right, and target-right, 2) overall improved weather patterns in 1Q12 that are benefiting the apparel sector in general and missy sectors, in particular, and 3) an attractive valuation on an EV/Sales basis.
For an analyst ratings summary and ratings history on New York & Co click here. For more ratings news on New York & Co click here.
Shares of New York & Co closed at $3.25 yesterday.
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