Market Overview

UPDATE: JP Morgan Cuts PT to $18 on Ascena Retail Group Following Top-Line Miss

Share:
Related ASNA
Earnings Scheduled For March 3, 2015
Top 4 Small-Cap Stocks In The Apparel Stores' Industry With The Lowest PEG Ratio
Ascena Misses Q2 Earnings, Fiscal 2015 Outlook Intact - Analyst Blog (Zacks)

JP Morgan reiterated its Neutral rating on Ascena Retail Group (NASDAQ: ASNA) and lowered the price target from $22.00 to $18.00.

JP Morgan noted, "In the long term, we believe ASNA's goals of annual sales growth of 8%- 10%, an operating margin of greater than 12% and annual EPS growth in excess of 10% could come to pass. However, we remain sidelined in the short term as we believe ongoing topline volatility will drive price action."

Ascena Retail Group closed at $16.50 on Friday.

Latest Ratings for ASNA

DateFirmActionFromTo
Feb 2015KeyBancUpgradesHoldBuy
Sep 2014Goldman SachsDowngradesBuyNeutral
Sep 2014CitigroupMaintainsNeutral

View More Analyst Ratings for ASNA
View the Latest Analyst Ratings

Posted-In: JP MorganAnalyst Color Price Target Intraday Update Analyst Ratings

 

Related Articles (ASNA)

Around the Web, We're Loving...