Brean Murray Carret & Co. Raises The Warnaco Group to Buy (WRC)

By admin | 6 years ago

The Warnaco Group (NYSE: WRC) was upgraded by Brean Murray Carret & Co. to a “buy” rating in a research note issued on Wednesday.

Several other analysts have also recently commented on the stock. Analysts at Brean Murray upgraded shares of The Warnaco Group from a “hold” rating to a “buy” rating in a research note to investors on Wednesday. They now have a $55.00 price target on the stock. Separately, analysts at Benchmark Co. cut their price target on shares of The Warnaco Group from $60.00 to $55.00 in a research note to investors on Friday, May 4th. They now have a “hold” rating on the stock. Finally, analysts at Cowen downgraded shares of The Warnaco Group from an “outperform” rating to a “neutral” rating in a research note to investors on Friday, May 4th.

The Warnaco Group traded up 3.54% on Wednesday, hitting $45.36. The Warnaco Group has a 1-year low of $40.08 and a 1-year high of $64.97. The company has a market cap of $1.862 billion and a price-to-earnings ratio of 15.83.

The Warnaco Group last released its earnings data on Thursday, May 3rd. The company reported $0.90 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.96 by $0.06. The company’s quarterly revenue was down 7.1% on a year-over-year basis. Analysts expect that The Warnaco Group will post $1.28 EPS next quarter.

The Warnaco Group, Inc. (Warnaco Group) designs, sources, markets, licenses and distributes a line of intimate apparel, sportswear and swimwear worldwide.

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