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Ahead Of The Bell: Talbots Downgraded

Stock quotes in this article: TLB  

NEW YORK (AP) — An FBR Capital Markets analyst downgraded shares of Talbots Inc. to "Market Perform" from "Outperform" Wednesday, citing continued weak demand and worries over consumer spending amid the recession.

"While we are moving to the sidelines, we believe management is laying the proper foundation to stabilize and turn the business," analyst Adrienne Tennant wrote in a note to investors.

Tennant said recent events that boosted Talbots shares — the announced sale of the J. Jill brand and better-than-expected first-quarter results — are already reflected in the share price. The stock has risen 58 percent since Tennant upgraded Talbots shares to "Outperform" on May 20. ...

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