Ann Inc.price target raised to $48 from $40 at UBS UBS raised Ann's price target to $48 from $40 based on improving execution at both Ann Taylor and LOFT, which should lead to multiple expansion. Shares are Buy rated.
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.