AnnTaylor Stores Downgraded, Shares Down 5.2%(ANN)

Shares of AnnTaylor Stores Corporation ANN are trading down 5.2% at $25.96 per share during the Monday afternoon trading session. The stock has been falling since AnnTaylor Stores Corporation was downgraded by Piper Jaffray from Overweight to Neutral. The day's trading range for shares of AnnTaylor Stores Corporation (ANN) has been between $25.18 and $26.93 per share. Analysts covering AnnTaylor Stores Corporation stock give it a consensus price target of $29.07 per share. Trading volume for AnnTaylor Stores Corporation has been heavier than usual, with 3.9 million shares having been traded today, already more than double the daily average volume of 1.9 million shares. Ann Taylor Stores Corporation is one of the leading women's specialty retailers for fashionable clothing in the United States, operating 907 Ann Taylor, Ann Taylor Factory, LOFT and LOFT Outlet stores in 46 states, the District of Columbia and Puerto Rico as of October 30, 2010, as well as online at AnnTaylor.com and LOFT.com. Read more from Benzinga's Company news.