The maker of Nine West shoes jumped after a report by Barron’s said the shares may rise to $20 if the nation stays clear of another recession and the company’s profitability improves. Barron’s said it expects Jones’s fiscal 2011 earnings to be below 2010’s, but the firm’s formidable brands like Anne Klein, Kasper, and Easy Spirit could push net income back up to $1.54 per share or more in 2012. Jones has also made some acquisitions to boost its portfolio.
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