Piper Jaffray reiterates its Neutral rating on AnnTaylor (ANN -1.8%), while keeping a wary tone...

|By:, SA News Editor

Piper Jaffray reiterates its Neutral rating on AnnTaylor (ANN -1.8%), while keeping a wary tone on its prospects. "While we are encouraged with their stepped-up penetration of color across both brands in addition to a focus on affordability, we need to see consistent in-store execution before we reassess our rating."