CrainsNewYork.com - Retail News - Feb 22, 2010J. Crew Group, Inc. (JCG)
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Eric Beder
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Brean Murray, Carret & Co.(AP) , An analyst upgraded
J Crew Group Inc to "buy" from "hold" on Monday, saying the clothing retailer is poised to profit as fashion loving customers begin spending again
"We believe J Crew, with a strong fashion sense and a compelling price/value relationship, coupled with strong inventory discipline and very easy comparisons, is extremely well positioned to be a key winner," Brean Murray, Carret & Co analyst Eric Beder wrote in a note to clients Mr Beder also set a $50 price target on the company's stock, adding that the retailer's holiday season may have been its best ever thanks to its stylish merchandise and ability to keep prices steady "We believe the fashion driven consumer has begun to return to the malls after a year hiatus and, while she is not shopping as lavishly as she did in prior periods, is willing to spend for unique and differentiated items, especially if they offer compelling values," Mr Beder added
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(AP) , An analyst upgraded <span class="company">J Crew</span> Group Inc to "buy" from "hold" on Monday, saying the clothing retailer is poised to profit as fashion loving customers begin spending again<span class="sent"> "We believe <span class="company">J Crew</span>, with a strong fashion sense and a compelling price/value relationship, coupled with strong inventory discipline and very easy comparisons, is extremely well positioned to be a key winner," Brean Murray, Carret & Co analyst <span class="analyst">Eric Beder</span> wrote in a note to clients</span> Mr Beder also set a $50 price target on the company's stock, adding that the retailer's holiday season may have been its best ever thanks to its stylish merchandise and ability to keep prices steady "We believe the fashion driven consumer has begun to return to the malls after a year hiatus and, while she is not shopping as lavishly as she did in prior periods, is willing to spend for unique and differentiated items, especially if they offer compelling values," Mr Beder added...(AP) , An analyst upgraded <span class="company">J Crew</span> Group Inc to "buy" from "hold" on Monday, saying the clothing retailer is poised to profit as fashion loving customers begin spending again<span class="sent"> "We believe <span class="company">J Crew</span>, with a strong fashion sense and a compelling price/value relationship, coupled with strong inventory discipline and very easy comparisons, is extremely well positioned to be a key winner," Brean Murray, Carret & Co
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