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Ahead Of Bell: Chico's Taken Off Top Picks List

Stock quotes in this article: CHS  

NEW YORK (AP) — An analyst removed Chico's FAS Inc. from her Top Picks list Tuesday partly on improved margins and inventory control efforts, but remained upbeat on the clothing retailer's future prospects.

Adrienne Tennant of FBR Capital Markets said the Fort Myers, Fla., company's stock price has been rising rapidly, and "now needs earnings to grow into the valuation."

The stock, which was added to the Top Picks list on April 17, has gained 40 percent since that time. ...

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