8.86%C 6.45 22.20%F 2.55 5.20%
Digg
Del.icio.us
Newsvine 
Facebook
Stumbleupon
NEW YORK - Shares of Phillips-Van Heusen Corp. rose Wednesday after an analyst raised his price target and outlook on the apparel maker, expecting higher revenue from its Calvin Klein licensing business.
| PVH | 15.92 |  -1.52 |
Wedbush Morgan Securities analyst Jeff Mintz raised his share price target to $51 from $46, implying 12 percent upside from Tuesday's closing price of $45.58, in a note to investors.
Mintz said he expects a 15 percent increase in revenue from licensing Calvin Klein products, adding that recent robust earnings from Calvin Klein's parent, Warnaco Group Inc., bode well for Phillips-Van Heusen.
"(Phillips-Van Heusen) is positioned to emerge from the consumer slowdown in a strong competitive position," Mintz said.
He raised his 2008 earnings outlook to by 2 cents per share to $3.40 per share, and his 2009 estimate by 3 cents per share to $3.88 per share.
Shares of Phillips gained $1.76, or 3.9 percent, to $47.34 in morning trading.
Major U.S. stock indexes slumped further south midday Monday, further extending this morning's hefty losses which erased last week's f...
China markets opened lower on Tuesday morning as the investors' confidence hit by the signals that global recession are deepening.
A special Iraqi court has sentenced Saddam Hussein's cousin "Chemical Ali" al-Majid to death for his role in the 1991 suppression of a Shiite upr...
|
Get your next web design project done with our los angeles web design team - Best web design with great price.
Building your business and corporate credit for your small business.
Baldwin Linguas:
Translations Interpreting Localization:
English French Portuguese Spanish
Partners   
|
© 2008 The Ibtimes Company. All Rights Reserved. Terms of service | Privacy Policy | Advertising | About Us | Contact Us | Archives
EMAIL
PRINT
RSS
SHARE
