Stocks’ rating round-up: Gildan, PPR, Limited BrandsFriday, 19 October 2012
Thursday left a good deal of updates on ratings and
stock-coverage, being PPR, Gildan and Limited Brands the ones that arose more interest. Also Michael Kors was under the limelight.
BMO Capital Markets issued a note to investors on Thursday reiterating that Limited Brands (NYSE: LTD) stock had its “market perform” rating. They currently have a 46 dollars price target on the stock. Earlier this month, analysts at Zacks reiterated a “neutral” rating on shares of Limited Brands in a research note to investors on Monday, October 8th.
Meanwhile, BMO Capital Markets is now covering shares of Gildan Activewear (NYSE: GIL) in a research report released on Tuesday morning. The firm issued an outperform rating and a 37 dollars price target on the stock. “With new manufacturing capacity coming online, Gildan is well positioned to leverage its competitive strengths (low-cost manufacturing, established supply chain and distribution, reputation for consistent quality) to pursue growth in both the Printwear (U.S. distributor channel growth, national accounts, international) and Branded Apparel segments (becoming a full-line supplier of basic family apparel, and growth with non-retailer consumer brands).,” the firm’s analyst wrote.
It’s worthy of note that this week, on Tueday, Gildan hit the 34.34 dollars, which compares to its year high of 34.66 dollars. The company has a market cap of 4.175 billion dollars and a price-to-earnings ratio of 37.19, reported ‘NASDAQ’
As ‘Jags Report’ published Thursday, AlphaValue reissued their “buy” rating on shares of PPR SA (EPA: PP) in a research report released on Thursday morning. AlphaValue currently has a 214.47 dollars price target on the stock. The previous day, analysts at Barclays Capital reiterated an “overweight” rating on shares of PPR SA in a research note to investors. They now have a slightly higher than AlphaValue’s price target for the French luxury conglomerate’s stock: 223.68 dollars. Separately, analysts at CIC Securities reiterated a buy rating on shares of PPR SA in a research note to investors on Tuesday, fixing their price target at 194.81 dollars, notably lower than their peers. Shares of PPR SA traded down 1.22 percent during mid-day trading on Thursday, hitting 133.15 euros. PPR SA has a one year low of 100.05 euros and a one year high of 136.90.