UPDATE: Janney Upgrades Ann Inc. (ANN) to Buy
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Price: $44.89 --0%
Rating Summary:
4 Buy, 15 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
4 Buy, 15 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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(Updated - March 14, 2014 1:06 PM EDT)
Janney Montgomery Scott upgraded Ann Inc. (NYSE: ANN) from Neutral to Buy with a price target of $43.
"We are upgrading shares of ANN to Buy from Neutral based on 1) our belief that ANN's brands are among the best positioned for their respective target markets, 2) clean carryover inventory position moving into FY14, 3) attractive valuation with limited downside, and 4) a shareholder-minded management team with earnings growth a top priority," said analyst Adrienne Tennant.
"We believe for investors looking to 2H14 opportunities, at current prices and valuation, the risk/reward is attractive in shares of ANN. ANN is currently trading below the sector average at 13.3x P/E, 4.6x EV/EBITDA, and 0.5x EV/Sales on our FY15 EPS estimates versus the sector at 15.7x P/E, 5.7x EV/EBITDA, and 0.7x EV/Sales," she added.
For an analyst ratings summary and ratings history on Ann Inc. click here. For more ratings news on Ann Inc. click here.
Shares of Ann Inc. closed at $34.87 yesterday.
Janney Montgomery Scott upgraded Ann Inc. (NYSE: ANN) from Neutral to Buy with a price target of $43.
"We are upgrading shares of ANN to Buy from Neutral based on 1) our belief that ANN's brands are among the best positioned for their respective target markets, 2) clean carryover inventory position moving into FY14, 3) attractive valuation with limited downside, and 4) a shareholder-minded management team with earnings growth a top priority," said analyst Adrienne Tennant.
"We believe for investors looking to 2H14 opportunities, at current prices and valuation, the risk/reward is attractive in shares of ANN. ANN is currently trading below the sector average at 13.3x P/E, 4.6x EV/EBITDA, and 0.5x EV/Sales on our FY15 EPS estimates versus the sector at 15.7x P/E, 5.7x EV/EBITDA, and 0.7x EV/Sales," she added.
For an analyst ratings summary and ratings history on Ann Inc. click here. For more ratings news on Ann Inc. click here.
Shares of Ann Inc. closed at $34.87 yesterday.
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