Why Men's Wearhouse (MW) Stock Is Up Today

NEW YORK (TheStreet) -- Men's Wearhouse (MW) shares are up 1.2% to $55.87 on Wednesday after being upgraded to "outperform" from "neutral" earlier today by analysts at Cowen & Co (COWN). 

The firm cited low cost synergy estimates and free cash flow related to the company's acquisition of Jos. A Bank as the reason for the improved outlook.

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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."

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