(Reuters) - Noting this is the 22nd time since May 2005 that Gymboree has increased its outlook, Paula Kalandiak, an analyst with First Albany Capital, raised her target on the company's stock to $53 from $50.
She said Gymboree bested her earnings expectation due to a combination of higher-than-expected gross margins and lower-than-expected sales, general and administrative expenses. She kept her "buy" rating on the stock.
Read more at Reuters.com Hot Stocks News
She said Gymboree bested her earnings expectation due to a combination of higher-than-expected gross margins and lower-than-expected sales, general and administrative expenses. She kept her "buy" rating on the stock.
Read more at Reuters.com Hot Stocks News
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