Sector Update: Consumer

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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.

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This article appears in: Investing , Commodities

Referenced Stocks: ANN , ELRC

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