Sector Update: Consumer


Consumer shares were generally lower in pre-market trade Monday.

In consumer sector news, analysts at Macquarie have upgraded their coverage of women's apparel company Ann Inc. ( ANN ) to an outperform rating from neutral.

The price target has been set at $53 a share.

In pre-market trading , shares of ANN were flat at $41.85, within a 52-week range of $27.63 - $43.61.

And, Electro Rent ( ELRC ), an electronic-test equipment rental, leasing and sales company, reported lower fiscal Q3 earnings as revenue declined.

For the quarter ended Feb. 28, the company posted net income of $4.5 million, or $0.19 per share, down from $5 million, or $0.21 per share. Just one analyst polled by Capital IQ had given an estimate: $0.25 per share.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing , Commodities

Referenced Stocks: ANN , ELRC

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