Market Overview

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

Related ASNA
Earnings Scheduled For December 1, 2015
Keep an Eye on These 7 Stocks for December 1, 2015
Notable earnings after Tuesday's close (Seeking Alpha)

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

Oct 2015CitigroupInitiates Coverage onNeutral
Sep 2015Guggenheim SecuritiesReinstates
Jul 2015Piper JaffrayMaintainsOverweight

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)

View Comments and Join the Discussion!

Get Benzinga's Newsletters