Friedman Billings Upgrades AnnTaylor (ANN) to Outperform
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Friedman Billings upgrades AnnTaylor (NYSE: ANN) from Market Perform to Outperform, citing strong management, fundamentals and growth outlook. Price target increased from $27 to $33.
AnnTaylor Stores Corporation, through its wholly owned subsidiaries, operates as a specialty retailer of women's apparel, shoes and accessories that are sold primarily under the Ann Taylor, Loft, Ann Taylor Loft (LOFT) and Ann Taylor Factory brands.
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