Nomura reiterates a Buy on AnnTaylor (ANN -1%) after meeting with management, and previewing the...

|By:, SA News Editor

Nomura reiterates a Buy on AnnTaylor (ANN -1%) after meeting with management, and previewing the company's Spring 2012 product lines. The firm notes management's claim that it doesn't see looming margin pressure, and believes AnnTaylor is on track to deliver double-digit operating margins over the next several years, higher than its current 7.6%. (previously)