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Fly News Breaks for July 13, 2015
ANN, ASNA
Jul 13, 2015 | 08:22 EDT
After Ascena (ASNA) lowered its fiscal 2016 EPS guidance, SunTrust says that the issues that caused the preannouncement are temporary. The firm remains upbeat on the outlook for the company's Justice business and continues to believe that ASCENA's pending acquisition of Ann Inc. (ANN) is viable. SunTrust keeps a Buy rating on Ascena.
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