Despite recent slower sales in the retail sector,
Morgan Stanley Dean Witter
raised its ratings on three clothing retailers.
Abercrombie & Fitch
were each raised to outperform from neutral.
TJX was lately up almost 5%, Limited was up about 4% and Abercrombie was 3% higher.
S&P Retail Index
was boosted more than 2% on the news.
recently took a look at how the back-to-school season has been bringing
bad news to retailers.