Goldman Sachs Updates on 2Q at ANN Inc

Goldman Sachs has published a research report on ANN Inc. ANN. In the report, Goldman Sachs wrote, "With the Ann Taylor division's turnaround in the later stages, investors have questioned what will sustain ANN's momentum as gross profit growth at Ann Taylor fades - after a tough 12 months, LOFT appears to be stepping up. Starting last summer, the balance in the LOFT assortment began to skew too dramatically to fashion and lost its balance." Goldman Sachs rated ANN a Neutral with a price target of $25.00. ANN closed Friday at $21.70.