NEW YORK (TheStreet) -- Men's Wearhouse (MW) shares were upgraded to "outperform" from "market perform" by analysts at Cowen & Co. (COWN) while raising its price target to $65 from $52 on Wednesday.
Men's Wearhouse finalized a deal to purchase rival Jos. A Bank for $1.8 billion in March. The new company will have 1,700 stores and $3.5 billion in annual sales.
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TheStreet Ratings team rates MENS WEARHOUSE INC as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate MENS WEARHOUSE INC (MW) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income."