Chico's FAS

Oppenheimer has initiated coverage on the following companies: New York & Company (NYSE: NWY) Outperform, $5 PT The Talbots Inc. (NYSE: TLB) Outperform, $11 PT AnnTaylor Stores Corp. (NYSE: ANN) Perform Chico's FAS Inc. (NYSE: CHS) Perform

Goldman Sachs said that while it initially added Chico's FAS, Inc. (NYSE: CHS) to the Conviction Sell list “as we were skewing exposure toward defensive/late cycle names,” GS has removed it from the list given a healthier than expected sector backdrop. “We maintain our Sell rating as we continue to...