Goldman Sachs Lowers Price Target On AnnTaylor (ANN)
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Price: $44.89 --0%
Rating Summary:
4 Buy, 15 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
4 Buy, 15 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Goldman Sachs raised estimates but lowered its price target on AnnTaylor Stores (NYSE: ANN) from $27 to $25 following Q2 results which beat their estimates and the Street.
2011-2013E EPS go to $1.87/$2.02/$2.19 from $1.68/$1.93/$2.09.
The firm notes, "With LOFT’s strong 2Q momentum and nine months of easy compares ahead, LOFT has a decent runway for yoy improvement, which can help support results even if trends at the Ann Taylor division do not improve."
For more ratings news on AnnTaylor Stores click here and for the rating history of AnnTaylor Stores click here.
Shares of AnnTaylor Stores closed at $21.70 yesterday.
2011-2013E EPS go to $1.87/$2.02/$2.19 from $1.68/$1.93/$2.09.
The firm notes, "With LOFT’s strong 2Q momentum and nine months of easy compares ahead, LOFT has a decent runway for yoy improvement, which can help support results even if trends at the Ann Taylor division do not improve."
For more ratings news on AnnTaylor Stores click here and for the rating history of AnnTaylor Stores click here.
Shares of AnnTaylor Stores closed at $21.70 yesterday.
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