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Ascena Retail rallies after FBR Capital weighs in favorably

Published 06/27/2017, 11:11 AM
© Reuters.  Ascena Retail rallies after FBR Capital weighs in favorably
ASNAQ
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  • Shares of Ascena Retail Group (NASDAQ:ASNA) are up 12.82% and still climbing after FBR Capital issues a positive note after meeting with management.
  • FBR analyst Susan Anderson is more confident that Ascena can "navigate the continued structural shifts" in motion.
  • The firm keeps a Market Perform rating on ASNA in place as it waits for margins to improve and the balance sheet to de-risk.
  • Source: Bloomberg
  • Now read: Rubicon's No Fluff Retail REIT Recap - June 23, 2017


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