BOSTON ( TheStreet) -- Shares of Warnaco Group (WRC), which owns the Calvin Klein and Speedo brands, have rallied 20% since the beginning of October. If Morgan Stanley analysts are correct, the apparel company's stock will keep rising.Morgan Stanley analyst Joseph Parkhill says in a note today that Warnaco's share price "will rise in absolute terms over the next 60 days. This is because of an earnings release. We believe Warnaco will continue to rally as the market becomes more comfortable with 2012 estimates."
Calvin Klein, Speedo Maker's Stock to Extend Rally, Morgan Stanley Says
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