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May 28, 2014
07:29 EDTWTSLWet Seal near-term catalysts limited, says Brean Capital
Brean Capital remains buyers of Wet Seal but realizes that near-term catalysts will be limited. The firm lowered its estimates to reflect weaker than expected guidance but remains positive on the closing of the Arden B. chain, the strengthening e-commerce channel, and a shift to a high-low strategy to drive traffic. The firm maintains its Buy rating and $2.00 price target on the shares.
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