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Lazard's Todd Slater cuts ratings on retail, apparel and footwear, saying the sector "will need...
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Wednesday, November 4, 2009, 11:19 AM ETLazard's Todd Slater cuts ratings on retail, apparel and footwear, saying the sector "will need to show revenue growth to drive double-digit earnings growth and justify the next leg up." Saks (SKS -2.6%) was cut to sell. Reduced to hold from buy: American Eagle Outfitters (AEO), Jones Apparel Group (JNY), Guess (GES), Warnaco (WRC).
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