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Stock Market & Financial Investment News

News Breaks
February 7, 2013
07:48 EDTANNAnn Inc. sees Q4 revenue $608M, consensus $624.32M
At the Ann Taylor brand, total comparable sales up 1%, reflecting a comparable sales increase of 5% at Ann Taylor, partially offset by a decline of 7% in the Ann Taylor Factory channel. At the Loft brand, total comparable sales decreased 2%, reflecting declines of 1% at LOFT and 7% in the LOFT Outlet channel. The company said FY12 CapEx is expected to approach $155M.
News For ANN From The Last 14 Days
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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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