Citi Reiterates 'Sell' Rating on Talbots (TLB)
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Citi reiterates a 'Sell' rating on Talbots (NYSE: TLB). Price target $9.
Citi analyst says, "Reiterate Sell — We see significant downside risk to consensus 2H08E (CIR $0.20 vs. $0.41 consensus) as we expect negative comps to con’t in 2H particularly given challenged consumer spending env’t & disproportionate impact on Ws retailers."
The Talbots, Inc. is a specialty retailer and direct marketer of women’s apparel, shoes, and accessories.
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