Piper Jaffray Comments on Ann Taylor, Reiterates Neutral

Piper Jaffray provided color on Ann Taylor Stores (NYSE: ANN) and reiterated the company's Neutral rating in a research report published today.

In the report, Piper Jaffray states, "While we are encouraged with their stepped-up penetration of color across both brands in addition to a focus on affordability, we need to see consistent in-store execution before we reassess our rating. Key themes across both brands include higher fashion content with an emphasis of color, prints & patterns and layering fashion looks."

Shares of Ann Taylor Stores were trading at $24.12 at the time of posting, down 1.67% from Monday's market close.