Stifel Nicolaus Reiterates Buy on Men's Wearhouse

Stifel Nicolaus is out with its report today on Men's Wearhouse (NYSE: MW), reiterating Buy.

In its report, Stifel Nicolaus writes, "With evidence of management's ability to drive sales and profits and to further diversify its business interests profitably, we remain favorable on the stock. We anticipate the new businesses ramping up and the visibility of their increased contribution improving in the 2H. We reiterate our Buy rating and $38 price target as likelihood of continued improvement increases and margins begin to approach historical levels. (15x our 2012 EPS estimate of $2.50)."

At the time of posting, shares of MW were trading pre-market at $28.80, down 2.44% from Wednesday's close.