Janney Montgomery Scott Downgrades bebe stores, inc. (BEBE) to Neutral; Management Departure Equals Range-Bound
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Price: $0.70 --0%
Rating Summary:
3 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
3 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Janney Montgomery Scott downgraded bebe stores, inc. (NASDAQ: BEBE) from Buy to Neutral with a price target of $6.00 (from $7.00).
Analyst, Adrienne Tennant, said, "On August 17, 2012, bebe announced the resignation of President Emilia Fabricant for personal reasons. Ms. Fabricant had been President of bebe since August 2010. Our positive thesis in November 2010 had been partially predicated on our belief that Ms. Fabricant’s merchandising and retail experience could positively impact bebe over time. When we see key members of management leave, we typically reassess the backdrop for our investment thesis."
Tennant notes that the company's sales (and stock price) rose substantially, only to fall back down recently. At, this point, Tennant expects shares to trade sideways.
For an analyst ratings summary and ratings history on bebe stores, inc. click here. For more ratings news on bebe stores, inc. click here.
Shares of bebe stores, inc. closed at $6.27 yesterday.
Analyst, Adrienne Tennant, said, "On August 17, 2012, bebe announced the resignation of President Emilia Fabricant for personal reasons. Ms. Fabricant had been President of bebe since August 2010. Our positive thesis in November 2010 had been partially predicated on our belief that Ms. Fabricant’s merchandising and retail experience could positively impact bebe over time. When we see key members of management leave, we typically reassess the backdrop for our investment thesis."
Tennant notes that the company's sales (and stock price) rose substantially, only to fall back down recently. At, this point, Tennant expects shares to trade sideways.
For an analyst ratings summary and ratings history on bebe stores, inc. click here. For more ratings news on bebe stores, inc. click here.
Shares of bebe stores, inc. closed at $6.27 yesterday.
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