Warnaco Rating Upgraded; Shares Gain More Than 5%

Gaining more than 5 percent on Wednesday in the U.S. stock market, Warnaco’s rating has been upgraded from “underweight” to “equal-weight,” with fourth-quarter margins likely to be better than expected. Morgan Stanley’s Joseph Parkhill said that Warnaco, which designs, sources, markets, licenses and distributes a wide range of intimate apparel, sportswear and swimwear worldwide including Calvin Klein, Speedo […]

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