Ann Taylor upgraded to Overweight from Equal Weight at Stephens
Stephens upgraded Ann Taylor as it believes the company's core brand will recover faster than originally thought. The firm raised its target on shares to $17 from $12. :theflyonthewall.com
News For ANN From The Last 14 Days
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Today's noteworthy downgrades include: Autoliv (ALV) downgraded to Sell from Buy at Citigroup...JDSU (JDSU) downgraded to Neutral from Buy at UBS...Vanguard Health (VHS) downgraded to Market Perform from Outperform at Wells Fargo...Steel Dynamics (STLD) downgraded to Neutral from Buy at BofA/Merrill...AK Steel (AKS) downgraded to Underperform from Neutral at BofA/Merrill...Northrop Grumman (NOC) downgraded to Underperform from Neutral at BofA/Merrill...Sykes Enterprises (SYKE) downgraded to Neutral from Outperform at RW Baird...NYSE Euronext (NYX) downgraded to Market Perform from Outperform at BMO Capital...QuinStreet (QNST) downgraded to Hold from Buy at ThinkEquity...Edwards Lifesciences (EW) downgraded to Neutral from Outperform at Credit Suisse...Ann Inc. (ANN) downgraded to Underweight from Neutral at Piper Jaffray...Johnson & Johnson (JNJ) downgraded to Market Perform from Outperform at First Global. :theflyonthewall.com
Ann Inc. gaps down after guidance, bearish pattern in progress
The shares gapped down this morning following reduced guidance. A bearish head and shoulders pattern is now active on the daily chart. If the pattern remains active and completes, downside potential is to the $15 area. The pattern would no longer be active above the $23 area. :theflyonthewall.com
Ann Inc. says Q4 results will be below expectations
Ann Inc. expects Q4 sales of $566M vs. the consensus of $577.9M and said gross margin rate is expected to be 49.0%, reflecting a significantly higher-than-anticipated promotional cadence in the Ann Taylor stores channel. :theflyonthewall.com