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Piper Jaffray provided color on Ann Taylor Stores
ANN and reiterated the company's Neutral rating in a research report published today.
In the report, Piper Jaffray states, "While we are encouraged with their stepped-up penetration of color across both brands in addition to a focus on affordability, we need to see consistent in-store execution before we reassess our rating. Key themes
across both brands include higher fashion content with an emphasis of color, prints & patterns and layering fashion looks."
Shares of Ann Taylor Stores were trading at $24.12 at the time of posting, down 1.67% from Monday's market close.
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