New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 19, 2014
20:34 EDTMW, JOSBJoS. A. Bank raises questions on timing of Eminence Capital trades, NY Post says
In a court filing late Friday in Delaware, Jos. A. Bank (JOSB) raised questions about the timing of stock trades made by activist investor Eminence shortly before Jos. A. Bank disclosed its initial offer for Men’s Wearhouse (MW) last October, says the NY Post. According to the NY Post, Jos. A. Bank said in the filing, “Notably, plaintiff omits to inform the court that… shortly before public disclosure of Jos. A. Bank’s offer to Men’s Wearhouse, plaintiff purchased a significant amount of Men’s Wearhouse stock.” Reference Link
News For JOSB;MW From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
August 20, 2015
09:00 EDTMWMen's Wearhouse selloff a buying opportunity, says Jefferies
Jefferies analyst Edward Plank views the recent selloff in shares of Men's Wearhouse as a buying opportunity. Much of the back-end integration risk from Jos. A. Bank has now passed, and margin improvement should follow, Plank tells investors in a research note. The analyst's FY18 bull case suggests a price target of $100, or 75% upside from current levels, versus a bear case of $47, or 20% downside. He keeps a Buy rating on Men's Wearhouse with a $67 price target.

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use