Ann Inc. business appears to be tracking to plan, says Oppenheimer After meeting with Ann's management, Oppenheimer thinks that the company's products are "trend right," while its inventories are in good shape. The firm was encouraged by the meeting and keeps an Outperform rating on the stock.
Ann Inc. downgraded to Neutral from Outperform at Macquarie Macquarie downgraded Ann Inc to Neutral based on gross margin concerns. The firm sees incremental shipping costs due to the West Coast situation and promotional activity pressuring results. Price target is $37.