Sterne Agee lowers its rating on Children's Place Retail Stores (PLCE -3.9%) to Neutral from Buy...

|About: The Children's Place Reta... (PLCE)|By:, SA News Editor

Sterne Agee lowers its rating on Children's Place Retail Stores (PLCE -3.9%) to Neutral from Buy on concerns that the childrens apparel retailer may see reduced earnings due to warm weather trends in North America seen in Q4 and the "highly promotional" environment in the sector. Analysts with the firm clipped their price target on shares by $2 to $60.