Nomura Securities Maintains a 'Neutral' on Talbots (TLB); Q1 Review: Limited Progress; Cutting Numbers

Nomura Securities maintains a 'Neutral' on Talbots (NYSE: TLB) price target lowered from $3.00 to $1.50.

Analyst, Paul Lejuez, said, "Although 1Q12 results came in marginally better than where the company guided with its 4Q11 earnings call (on 4/16/12), overall TLB has made limited progress in turning around its business. The bigger news is that Sycamore Partners rescinded its offer to acquire the company after a detailed due diligence period. Our 2012E/2013E EPS goes from ($0.40)/($0.28) to ($0.29)/($0.20)."

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 $1.36 yesterday.

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