Market Overview

UPDATE: Morgan Stanley Downgrades Ann to Equal-Weight on Risk/Reward

Related ANN
Nomura: 'Growing Divide' Between Apparel And Non-Apparel Companies
#PreMarket Primer: Monday, November 24: Talks With Iran Unlikely To Yield A Deal
Ann Inc.: Two Activist Investors Square Off (Seeking Alpha)

Morgan Stanley reduced its rating on Ann (NYSE: ANN) from Overweight to Equal-weight and removed its $36 price target.

Morgan Stanley commented, "We think ANN's 69% two year stock price gain shows the market now appreciates the company's sales and margin improvement story. At 14x FY13 EPS, a 4-turn y/y rise, we see a balanced risk/reward and downgrade to Equal-weight."

Ann closed at $36.56 on Monday.

Latest Ratings for ANN

Oct 2014MacquarieMaintainsOutperform
Oct 2014BarclaysInitiates Coverage onEqual-weight
Sep 2014WedbushInitiates Coverage onNeutral

View More Analyst Ratings for ANN
View the Latest Analyst Ratings

Posted-In: Morgan StanleyAnalyst Color Downgrades Intraday Update Analyst Ratings


Related Articles (ANN)

Around the Web, We're Loving...

Get Benzinga's Newsletters