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Strategies & Market Trends : Making Money is Main Objective

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To: Softechie who started this subject2/2/2001 4:43:11 PM
From: Softechie   of 2155
 
RESEARCH ALERT-Hilfiger rating raised strong buy

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NEW YORK, Feb 2 (Reuters) - Prudential Securities on Friday
said it raised its rating on fashion group Tommy Hilfiger Corp.
to strong buy from hold, after the company reported
falling earning that still beat estimates.
The firm also raised its 12-month price target to $18.
"We believe that the balance of power between the apparel
manufacturers and the department stores has shifted in favor of
the apparel manufacturers,"
the firm said.
Hilfiger's shares closed at $14.75 on Thursday on the New
York Stock Exchange, off 52-week highs of $15.25.
859-1711))
REUTERS
Rtr 09:12 02-02-01
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