Tween Brands gets lift from analyst report

Tween Brands Inc.’s (NYSE:TWB) stock climbed by 5% this morning following a report that at least one analyst believes the firm’s restructuring plan is a step in the right direction.

The rise is a slight rebound from the huge drop the stock suffered on Aug. 13 after the retailer widely missed analysts’ second-quarter estimates and two analysts downgraded its stock.

In an effort to improve profitability, Tween Brands said it plans to convert about 560 Limited Too stores across the country to its more “value-oriented” Justice brand — the plan being praised by an analyst this week.

Shares are at $10.24 in mid-day trading, up $0.48 from Tuesday’s close. The stock hit its 52-week-low of $7.75 on Aug. 14. It has traded as high as $39.25 in the past year.

For detailed price information and news stories on Tween Brands Inc., click TWB.

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