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Pacific Sunwear Of California, Inc. (PSUN) [hlAlert]

Rating:
Sell PSUN
down 32.23 %

Pacific Sunwear Of California, Inc. (PSUN) downgraded to Sell with price target $9 by Citigroup

Posted on: Monday,  May 12, 2008  8:25 AM ET by Citigroup

Citigroup rated Sell Pacific Sunwear Of California, Inc. (NASDAQ: PSUN) on 05/12/2008. Previously Citigroup rated Buy Pacific Sunwear Of California, Inc. (NASDAQ: PSUN)
on 10/25/2007., when the stock price was $16.75. Since then, Pacific Sunwear Of California, Inc. has lost 32.24% as of 05/12/2008's recent price of $11.35.
If you would have followed the previous Citigroup's recommendation on PSUN, you would have lost 32.23% of your investment in 200 days.

Pacific Sunwear of CA, Inc. and its wholly-owned subsidiaries is a leading specialty retailer of everyday casual apparel, accessories and footwear designed to meet the needs of active teens and young adults. The company operates three nationwide, primarily mall-based, chains of retail stores under the names ``Pacific Sunwear`` (as well as ``PacSun``), ``Pacific Sunwear (PacSun) Outlet,`` and ``d.e.m.o.``

Citi Investment Research is a highly respected research unit and is comprised of 390 research analysts across 22 countries. Citi Investment Research covers 3,100 companies, representing 90 percent of the market capitalization of the major global indices, and provides macro and quantitative analysis of global markets and sector trends. Combined with Citi's exceptional sales and trading capabilities and Smith Barney's financial consultants, the core focus of the group is to help investing clients make informed decisions by providing value-added, independent, insightful analysis.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/12/2008 8:25 AM Sell
None
11.35 9.00
as of 12/24/2008
1 Week down  -40.17 %
1 Month down  -97.48 %
3 Months down  -237.63 %
1 YTD down  -97.48 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/25/2007 9:25 AM Buy
None
16.75

(*) Stock Price at the time of the recommendation.
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