June 27, 2013 at 10:41 AM EDT
UPDATE: J.P. Morgan Lowers PT on Ascena Retail Group Following CHRS Acquisition
In a report published Thursday, J.P. Morgan analyst Brian J. Tunick reiterated a Neutral rating on Ascena Retail Group (NASDAQ: ASNA ), but lowered the price target from $19.00 to $18.00. In the report, J.P. Morgan noted, “With the CHRS acquisition adding further concepts to the company's growing portfolio, ASNA
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