UPDATE: Piper Jaffray Raises PT on Ann on Updated Share Count Information
In a report published on Thursday, Piper Jaffray analyst Neely J.N. Tamminga raised the price target on Ann (NYSE: ANN) from $36 to $38 and maintained an Overweight rating on the company.
In the report, Piper Jaffray stated, "We are updating our model on ANN following the company's conference call this morning to reflect updated information about share count. All of our operating assumptions for the company remain unchanged. We are raising our EPS estimates for FY14, FY15, and FY16, to $2.22, $2.51, and $2.80, respectively."
Ann closed on Thursday at $31.59.
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