Goldman Sachs Downgraded Jones Apparel (JNY) and Liz Claiborne (LIZ) to Neutral
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Goldman Sachs downgraded Jones Apparel Group, Inc. (NYSE: JNY) and Liz Claiborne Inc. (NYSE: LIZ) from Buy to Neutral, following the runs in the stocks over the last three months. The firm said while they still expect fundamentals to improve, the the pace/magnitude of upward EPS revisions could slow.
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