Goldman Lowers AnnTaylor Outlook, Advanced Semi Weakness Near-term

Advanced Semiconductor Engineering Inc.(NYSE:ASX): Deutsche Bank lowered its 2012 and 2012 earnings estimates for Advanced Semiconductor after the company reported weaker than expected Q4 results. The firm believes ASE’s margin shortfall may drive near-term share weakness, but keeps a Buy rating on the name.

AnnTaylor Stores Corp.(NYSE:ANN): Goldman said Ann Inc’s Q4 raises concerns for 2012. The firm reiterates its Sell rating and lowered its price target to $20.

Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.

To contact the reporter on this story: Derek Hoffman at

To contact the editor responsible for this story: Damien Hoffman at