UPDATE: Piper Jaffray Downgrades rue21 on Announced Take-Out
May 23, 2013 at 12:45 PM EDT
In a report published on Thursday, Piper Jaffray analyst Stephanie S. Wissink Downgraded rue21 (NASDAQ: RUE ) from Overweight to Neutral and raised the price target on the company from $36 to $42. In the report, Piper Jaffray noted, "We are moving to a customary Neutral rating on RUE shares