Oppenheimer Removes Overweight Rating for J. Crew

By Benzinga Staff
November 24, 2010 9:43 AM

Symbols: JCG

Posted in: Analyst Color, Price Target, Analyst Ratings

Oppenheimer has updated its outlook on J.Crew (NYSE: JCG) following news that the retailer has agreed to be acquired by TPG Capital and Leonard Green & Partners, L.P., for $43.50 per share.

Oppenheimer analysts have removed both their Outperform rating and $50 price target for the stock.

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Oppenheimer Removes Overweight Rating for J. Crew

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