Market Overview

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

Share:
Related ANN
Oppenheimer Sees Apparel Sales Inflecting, Wider Margins
Why 1 UBS Analyst Is Boosting Her Ann Target By 17%
Is ANN (ANN) Poised to Beat Earnings Estimates in Q1? (revised) - Analyst Blog (Zacks)

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

DateFirmActionFromTo
Mar 2015Piper JaffrayMaintainsOverweight
Mar 2015UBSMaintainsNeutral
Feb 2015MacquarieDowngradesOutperformNeutral

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...