Nomura Securities Reiterates a 'Buy' on AnnTaylor (ANN); Standout in the Women's Space

Nomura Securities reiterates a 'Buy' on AnnTaylor (NYSE: ANN) price target of $36.00.

Nomura analyst, Paul Lejuez, said, "Big Picture Takeaways – GM Hits Plan; Most Businesses Strong 3Q was a strong quarter, with most businesses performing well. Importantly, the company hit its GM plan despite concerns that it was more promotional than expected during the quarter (and after missing GM plan in 1H11). Trading at ~4x our F12E EBITDA vs. the softlines group at ~6x, the risk/reward on ANN remains compelling, in our view."

For an analyst ratings summary and ratings history on AnnTaylor click here. For more ratings news on AnnTaylor click here.

Shares of AnnTaylor closed at $25.31 yesterday.

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