Sterne Agee Reiterates Buy Rating, $57 PT for Joseph A. Bank Clothiers
In a company report published earlier today, Sterne Agee Group, Inc. reiterated its Buy rating and $57.00 price target for Joseph A. Bank Clothiers, Inc. (NASDAQ: JOSB).
Sterne Agee went on to say “We reiterate our Buy rating on JOSB shares following our meeting at HQ yesterday. Spring inventory clearance now underway may result in positive comps in Q2/Q3 with some impact on margins. Suit sales have been very strong and the consumer is responding to new tailored/slim-fit styles. Our checks suggest a satisfactory Father's Day.”
Joseph A. Bank Clothiers, Inc. closed yesterday at $40.75.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.