UPDATE: Piper Jaffray Dowgrades rue21, Inc. On Announced Take-Out
May 23, 2013 at 12:39 PM EDT
In a report published on Thursday, Piper Jaffray downgraded its rating on rue21 (NASDAQ: RUE ) from Overweight to Neutral and raised its PT on the company from $36 to $42. In the report, analysts from Piper Jaffray commented that, "We are moving to a customary Neutral rating on RUE