Davidson Wedbush and Janney all out very positive on PSUN....shorts in deep trouble
8:11 EDT - Pacific Sunwear of California (PSUN) shares fall 3% premarket
after company gives what Wedbush calls "likely conservative guidance" after
topping 2Q expectations. Firm suggests investors buy into any dips citing
strong comparable store sales gains and an increase in margins. DA Davidson
says gains in the women's segment show PSUN's long-term plans remain intact
and Janney notes that the company is now focusing on the "more fashion-savvy
17 to 24 year old" rather than younger teens.