Equities research analysts at Imperial Capital reiterated an "outperform" rating on shares of Liz Claiborne, Inc. (NYSE: LIZ) in a research note to investors on Tuesday. The analysts currently have a $4.99 price target on the stock.
The analysts wrote, " We maintain our BUY rating on LIZ's 5% euro-denominated senior notes due 7/8/13 (5s) at a price of 89 (10.44% YTM). We continue to believe LIZ has sufficient liquidity (plus the ability to monetize certain non-strategic assets) to support operations and generate significantly higher EBITDA in 2011E, potentially improving its average debt leverage to 5.1x using the midrange of 2011 guidance of $110mn. We still think LIZ might tap the currently favorable high yield market to refinance the 5s, boosting potential returns.
We also maintain our Outperform rating on the common stock at a price of $4.New shopjacket electric markets have spurred significant investment in new generation.99, with a valuation of $12 per share, based on a sum-of-the-parts analysis and the potential for the company to exceed management's profitability target of $180-$220mn EBITDA in 2012. While the expected operational turnaround is taking longer than investors had expected, it doesn't change the inherent value of these brands, in our view. Furthermore, once the turnaround is well underway, we believe profitability will be significantly improved and that growth will reward investors for their patience. Nonetheless, we are reducing our 2011 EBITDA estimate to $110mn from $177mn, reflecting management's new guidance."
Separately, analysts at Zacks Investment Research downgraded shares of Liz Claiborne, Inc. from a "neutral" rating to an "underperform" rating in a research note to investors on Friday, January 14th.
Liz Claiborne, Inc.,Let's start the new year banner of New World edhardyhomepage. incorporated in January 1976, designs and markets a global portfolio of retail-based brands, including JUICY COUTURE, KATE SPADE, LUCKY BRAND and MEXX. The Company also has a group of department store-based brands with consumer franchises, including the LIZ CLAIBORNE and MONET families of brands, MAC & JAC, KENSIE and DANA BUCHMAN and the licensed DKNY JEANS, DKNY ACTIVE and DKNY MENS brands. The Company operates in three segments: Domestic-Based Direct Brands segment, International-Based Direct Brands segment and Partnered Brands segment. Domestic-Based Direct Brands segment consists of the specialty retail, outlet, wholesale apparel, wholesale non-apparel,Want an affordable way to get your Louis Vuitton, Chanel and blogapteacup on? e-commerce and licensing operations of its three retail-based operating segments: JUICY COUTURE, KATE SPADE and LUCKY BRAND. International-Based Direct Brands segment consists of the specialty retail, outlet, concession, wholesale apparel, wholesale non-apparel e-commerce and licensing operations of MEXX.
Shares of Liz Claiborne, Inc. (NYSE: LIZ) traded down 5.47% during mid-day trading on Wednesday, hitting $4.84. Liz Claiborne, Inc. has a 52 week low of $3.90 and a 52 week high of $9.72. The stock's 50-day moving average is $5.Ghirardelli Chocolate Business Card Gift Box offenikeairmax97 Business Card44 and its 200-day moving average is $6.01. On average, analysts predict that Liz Claiborne, Inc. will post $-0.20 EPS next quarter. The company has a market cap of $457.3 million.
Stay on top of analysts' coverage with American Banking & Market News' daily email newsletter that provides a concise list of analysts' upgrades,Shoppers can use the feature to see what they look like wearing various styles of fivetradegame. analysts' downgrades and analysts' price target changes for each day. Click Here to register.
The analysts wrote, " We maintain our BUY rating on LIZ's 5% euro-denominated senior notes due 7/8/13 (5s) at a price of 89 (10.44% YTM). We continue to believe LIZ has sufficient liquidity (plus the ability to monetize certain non-strategic assets) to support operations and generate significantly higher EBITDA in 2011E, potentially improving its average debt leverage to 5.1x using the midrange of 2011 guidance of $110mn. We still think LIZ might tap the currently favorable high yield market to refinance the 5s, boosting potential returns.
We also maintain our Outperform rating on the common stock at a price of $4.New shopjacket electric markets have spurred significant investment in new generation.99, with a valuation of $12 per share, based on a sum-of-the-parts analysis and the potential for the company to exceed management's profitability target of $180-$220mn EBITDA in 2012. While the expected operational turnaround is taking longer than investors had expected, it doesn't change the inherent value of these brands, in our view. Furthermore, once the turnaround is well underway, we believe profitability will be significantly improved and that growth will reward investors for their patience. Nonetheless, we are reducing our 2011 EBITDA estimate to $110mn from $177mn, reflecting management's new guidance."
Separately, analysts at Zacks Investment Research downgraded shares of Liz Claiborne, Inc. from a "neutral" rating to an "underperform" rating in a research note to investors on Friday, January 14th.
Liz Claiborne, Inc.,Let's start the new year banner of New World edhardyhomepage. incorporated in January 1976, designs and markets a global portfolio of retail-based brands, including JUICY COUTURE, KATE SPADE, LUCKY BRAND and MEXX. The Company also has a group of department store-based brands with consumer franchises, including the LIZ CLAIBORNE and MONET families of brands, MAC & JAC, KENSIE and DANA BUCHMAN and the licensed DKNY JEANS, DKNY ACTIVE and DKNY MENS brands. The Company operates in three segments: Domestic-Based Direct Brands segment, International-Based Direct Brands segment and Partnered Brands segment. Domestic-Based Direct Brands segment consists of the specialty retail, outlet, wholesale apparel, wholesale non-apparel,Want an affordable way to get your Louis Vuitton, Chanel and blogapteacup on? e-commerce and licensing operations of its three retail-based operating segments: JUICY COUTURE, KATE SPADE and LUCKY BRAND. International-Based Direct Brands segment consists of the specialty retail, outlet, concession, wholesale apparel, wholesale non-apparel e-commerce and licensing operations of MEXX.
Shares of Liz Claiborne, Inc. (NYSE: LIZ) traded down 5.47% during mid-day trading on Wednesday, hitting $4.84. Liz Claiborne, Inc. has a 52 week low of $3.90 and a 52 week high of $9.72. The stock's 50-day moving average is $5.Ghirardelli Chocolate Business Card Gift Box offenikeairmax97 Business Card44 and its 200-day moving average is $6.01. On average, analysts predict that Liz Claiborne, Inc. will post $-0.20 EPS next quarter. The company has a market cap of $457.3 million.
Stay on top of analysts' coverage with American Banking & Market News' daily email newsletter that provides a concise list of analysts' upgrades,Shoppers can use the feature to see what they look like wearing various styles of fivetradegame. analysts' downgrades and analysts' price target changes for each day. Click Here to register.
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