UBS Reiterates a 'Buy' on Ann Inc. (ANN); Lofts Continues on Tear, Ann Taylor Just Getting Warmed Up

August 20, 2012 12:36 PM EDT
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Price: $44.89 --0%

Rating Summary:
    5 Buy, 18 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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UBS reiterates a 'Buy' on Ann Inc. (NYSE: ANN) price target of $40.00 (from $33.00).

Analyst, Roxanne Meyer, noted that ANN's Q2 earnings report topped her estimate of $0.51 (in-line with Street consensus) by $0.12/share. Citing positive comps from Ann Taylor (plus less promotional) and increased momentum heading into August, Meyer raises FY13/14 EPS estimates from $2.11/$2.54 to $2.26/$2.67. Overall, the UBS analyst has more confidence given greater visibility and sales/margins catalysts.

For an analyst ratings summary and ratings history on Ann Inc. click here. For more ratings news on Ann Inc. click here.

Shares of Ann Inc. closed at $33.89 yesterday.

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