Nomura Securities Maintains a 'Buy' on AnnTaylor Stores (ANN); Preview of Spring 2012 Product Lines

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

Nomura analyst, Paul Lejuez, said, "Our main takeaway was that management feels confident in their reads on what is working in the business now (color and fashion) and they do not see looming GM pressure as many fear. In a fashion-challenged women’s space, ANN continues to be a true standout (we think that point got lost after its 3Q earnings). With Loft performing well and improvements at ATS, we believe that ANN is on the right track to achieve double-digit op margins over the next several years (vs. 7.6% TY)."

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

Shares of AnnTaylor Stores closed at $23.91 yesterday.

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