Citigroup Downgrades Talbots Inc (TLB) to Sell
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Citigroup downgrades Talbots Inc (NYSE: TLB) from Hold to Sell, citing deteriorating comp store sales against easier comparables. The firm sees significant downside risk to consensus 2H08 estimates. Citi sees 2H EPS of $0.20, well below the consensus of $0.30.
The Talbots, Inc., together with its subsidiaries, operates as a specialty retailer and direct marketer of men and women's apparel, shoes, and accessories in the United States, Canada, and the United Kingdom.
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