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Fly News Breaks for April 3, 2019
ASNA
Apr 3, 2019 | 07:29 EDT
Citi analyst Paul Lejuez upgraded Ascena Retail to Neutral from Sell with an unchanged price target of $1.00. With the stock closing at 99c, the risk/reward is more balanced at current levels, Lejuez tells investors in a research note. He believes management will likely continue trying to monetize some of its brands following last week's announced sale of Maurice's.
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