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Stock Market & Financial Investment News

News Breaks
November 26, 2012
08:03 EDTANNAnn Inc. likely to report an in-line Q3, says UBS
UBS said higher than expected markdowns at Ann Taylor could cap Ann Inc's earnings for Q3 and expects an in-line report. The firm believes Q4 started off slow due to hurricane exposure but sees an opportunity from improved pricing, favorable holiday product, and easier comps. Shares are Buy rated with a $43 price target.
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March 27, 2015
05:52 EDTANNAmerican Eagle downgraded to Sell from Neutral at Goldman
Goldman Sachs downgraded American Eagle (AEO) to Sell saying it sees 29% downside risk over the next six months. Goldman believes declining mall traffic and "aggressive competition" from low cost stores puts the retailer in a multi-year period of diminishing productivity, margins, and returns. Its six-month price target for American Eagle is $12. Shares of the retailer closed yesterday up 17c to $16.92. Goldman lists Ann Inc. (ANN), Abercrombie & Fitch (ANF) and American Eagle as its top sell ideas in the Specialty Apparel space. Its lone Buy rated name in the group is Urban Outfitters (URBN).

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