J.P. Morgan Raises PT on Men's Wearhouse to $30 (MW)

J.P. Morgan has released a report in which the Price Target of Men's Wearhouse (NYSE: MW) was raised from $28.00 to $30.00.

J.P. Morgan reports “We are raising our 2011/2012 EPS estimates to $1.80/$2.08, and our PT moves higher to $30. In addition to its attractive valuation, we rate the stock OW given the compelling margin recovery that we believe is underway, current upward revision cycle and upside our price target represents from current levels.”

Men's Wearhouse closed at 26.19 on Friday and has an Overweight Rating.