Janney Montgomery Scott Downgrades Talbots (TLB) to Sell
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Price: $2.76 --0%
Rating Summary:
2 Buy, 8 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 15 | Down: 12 | New: 12
Rating Summary:
2 Buy, 8 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 15 | Down: 12 | New: 12
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Janney Montgomery Scott downgraded Talbots (NYSE: TLB) from Neutral to Sell.
The firm cited, "1) weakness across the missy sector with particular underperformance in late April, 2) shifting investor appetite for retailers generally and turnaround names, in particular, 3) concern over a challenging promotional environment that was only exacerbated by poor weather conditions, and 4) ongoing weakness in our store checks with heavy promotional cadence."
For more ratings news on Talbots click here and for the rating history of Talbots click here.
Shares of Talbots closed at $5.02 yesterday.
The firm cited, "1) weakness across the missy sector with particular underperformance in late April, 2) shifting investor appetite for retailers generally and turnaround names, in particular, 3) concern over a challenging promotional environment that was only exacerbated by poor weather conditions, and 4) ongoing weakness in our store checks with heavy promotional cadence."
For more ratings news on Talbots click here and for the rating history of Talbots click here.
Shares of Talbots closed at $5.02 yesterday.
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