UPDATE: Ascendiant Capital Initiates The Wet Seal with Strong Buy on Turnaround Potential
April 08, 2013 at 08:27 AM EDT
In a report published Monday, Ascendiant Capital analyst Elizabeth Pierce initiated coverage on The Wet Seal (NASDAQ: WTSL ) with a Strong Buy rating and $4.00 price target. In the report, Pierce noted, “Although the past year has been a challenging one for the company, we believe initiatives are in