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Non-Tech : True Religion Apparel Inc

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To: jef v who wrote (144)5/20/2005 10:29:06 AM
From: caly  Read Replies (1) of 189
 
Might be taking a hit today because of this. INNO is also off (another jeans play).

Stocks slip after rally, retailers fall

By Scott Malone

NEW YORK (Reuters) - U.S. stocks fell on Friday as investors pulled back after a four-day rally and shares of youth-oriented clothes retailers were lower after a brokerage downgrade.

Shares of specialty retailers dropped after Prudential Equity Group downgraded American Eagle Outfitters Inc. (Nasdaq:AEOS - news), Abercrombie & Fitch Co. (NYSE:ANF - news) and Pacific Sunwear of California Inc. (Nasdaq:PSUN - news) to "underweight" from "neutral weight."

American Eagle was off 5 percent to $26.27 in Nasdaq trading, Abercrombie was down 4 percent to $53.10 and Pacific Sunwear slipped 3 percent to $21.01.
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