Men's Wearhouse shares could rebound 25 pct in 2013-Barron's

NEW YORK Sun Dec 9, 2012 1:50pm EST

NEW YORK Dec 9 (Reuters) - Shares of clothing retailer Men's Wearhouse could rally up to 25 percent next year as sales improve, despite weaker-than-expected third-quarter earnings last week, Barron's said on Sunday.

Shares of Men's Wearhouse opened 12.5 percent lower on Thursday after Wednesday's results, and finished the week down 6 percent at $30.48, but a promising sales outlook for 2013, and new, slimmer suit cuts, could see them rebound to $38 in the new year, Barron's said in its Dec. 10 issue.

"Men's Wearhouse is like a fine suit with a few wrinkles," Barron's said. "And it is selling at a very nice discount."

Still, the suit maker, whose earnings are typically tied to employment figures, does face the threat of another recession and stiff opposition from other retailers, Barron's said.

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.