Goldman Sachs Raises Estimates and Price Target On Children's Place (PLCE)

Goldman Sachs estimates and raised their price target on The Children's Place (NASDAQ: PLCE), saying the spring merchandise turn playing out.

The firm raised 2011E/2012E/2013E EPS slightly to $3.51/$4.47/$5.08 from $3.49/$4.44/$5.05 to reflect slightly higher comp trends. The firm raised their 6-month price target form $57 to $59 on our higher estimates and a slightly higher P/E multiple given the momentum in the story.

The firm notes: Significant product improvements; Customers willing to pay initial price increases; Several new promos but we believe they were all planned.

For more ratings news on The Children's Place click here and for the rating history of The Children's Place click here.

Shares of The Children's Place closed at $52.10 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• New Street Research Upgrades Micron Technology (MU) to Buy
• SoundThinking (SSTI) PT Lowered to $8 at Cantor Fitzgerald
• UBS Reiterates Buy Rating on NVIDIA (NVDA), Expects Q2 Revenue Beat