Wall Street Strategies Comments on Pacific Sunwear

Wall Street Strategies provided color on Pacific Sunwear of California PSUN in a research report published today. In the report, Wall Street Strategies states, "In spite of a +1% headline comparable store sales print (guidance -3% to +2%) and gross margin (19.00%, down 321 bps y/y; consensus 18.68%; guidance 18.00% to 20.00%) we are hard pressed to see the bulls arrive in force tomorrow morning raising ratings and price targets." Shares of Pacific Sunwear closed today at $3.16, down 2.17% from Monday's market close.