Morgan Stanley Sees Ann Taking All The Right Steps For Long-Term Success

In a report published Monday, Morgan Stanley analyst Kimberly C. Greenberger reiterated an Equal-Weight rating and $34.00 price target on

. In the report, Morgan Stanley noted, "We believe ANN is financially well managed and making the correct decisions for the long-term success of the business. 19x FY15 EPS represents peak valuation, but a better entry point could make us more positive; remain EW." Ann closed on Friday at $40.45.