By: Benzinga
UPDATE: Citigroup Upgrades Movado Group to Buy on Growth and Margin Expansion Outlook
Citigroup upgraded Movado Group Inc. (NYSE: MOV ) from Neutral to Buy and raised the price target from $38.00 to $40.00. Citigroup noted, "Global accessories represent the future of our sector, in our view. We're upgrading MOV on revenue growth in 2013 yielding substantial margin expansion, compelling watch trends at
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