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Stock Market & Financial Investment News

News Breaks
January 13, 2014
05:34 EDTMW, JOSBEminence backing Men's Wearhouse bid for Jos. A. Bank, WSJ reports
Eminence Capital LLC, Men's Wearhouse's (MW) largest shareholder, will back the retailer's hostile bid for Jos. A. Bank Clothiers (JOSB), a move that could complicate any effort by Jos. A. Bank to fend off its rival, reports the Wall Street Journal. Eminence Capital LLC, which has a nearly 10% stake in Men's Wearhouse and a nearly 5% stake in Jos. A. Bank, according to filings and sources, and plans to send a letter to Jos. A. Bank's board today declaring its support for Men's Wearhouse's $1.6B offer for Jos. A. Bank, sources say.Reference Link
News For MW;JOSB From The Last 14 Days
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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.

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