Lazard's Todd Slater cuts ratings on retail, apparel and footwear, saying the sector "will need...

|By:, SA News Editor

Lazard'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).