sorry for the repetition but something's wrong w/ yahoo -- wouldn't allow an http address as part of the post
Tuesday, June 13, 2006 12:01:58 PM ET
Analyst Gary M Giblen of Brean Murray maintains his "strong buy" rating on Hartmarx Corp (HMX.NYS). The target price is set to $12.
In a research note published this morning, the analyst mentions that the current valuation of Hartmarx�s stock possibly reflects the impact of the lower-than-expected 2Q06 results and the anticipated reduction in the 2006 guidance. The ongoing transition at Federated Department Stores and May Department Stores is expected to have limited direct impact on Hartmarx, the analyst says. The results for the Menswear, specifically tailored and upper-end, segments, which are predominantly the company�s focus, have generally been robust in the recent past, Brean Murray adds.