Soleil Securities Downgrades Jo-Ann Stores (JAS) to Hold
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Soleil Securities downgrades Jo-Ann Stores (NYSE: JAS) from Buy to Hold, citing valuation as the stock approaches its $25 price target.
The firm said, "Although in our opinion JAS is one of the most attractive growth stories on our list, we see limited upside over the intermediate term, with the vast majority of sales and earnings coming in the back half of the year."
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