Janney Montgomery Scott Maintains a 'Neutral' on Talbots (TLB); 3Q11 Miss; 4Q11 Well Below Consensus; Balance Sheet Highly Concerning

Janney Montgomery Scott maintains a 'Neutral' on Talbots (NYSE: TLB) price target lowered from $2 to $1.

JMS analyst says, "Lowering EPS estimates and fair value as concerns persist. We are lowering our FY11 estimate to ($1.13) from ($0.81) (versus the Street at ($0.85)) and our FY12 estimate goes to ($1.02) from ($0.35) (versus the Street at ($0.35)). Our FY12 estimate assumes taxes of $4 million for FY12."

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

Shares of Talbots closed at $1.62 yesterday.

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