Talbots Upgraded (TLB)

The Talbots Inc. TLB is seeing strong gains today after Barclays Capital initiated the stock with an Overweight rating this morning. Barclays set their price target at $23 and said Missy sales are recovering broadly and the Talbots story is just getting started. The firm believes Talbots has numerous initiatives that will drive both top line and margins in 2010 and beyond. Shares of Talbots are in rally mode today, up 54 cents, or 3.28%, to $16.99. Over the last 52 weeks the stock has traded between $2.00 and $17.79.