Goldman Sachs Downgrades Ascena Retail To Neutral

Analysts at Goldman Sachs downgraded Ascena Retail Group ASNA from Buy to Neutral. The target price for Ascena Retail has been lowered from $20 to $13. Ascena Retail shares have declined 31.46% over the past 52 weeks, while the S&P 500 index has gained 17.13% in the same period. Ascena Retail's shares tumbled 16.82% to close at $13.75 yesterday.