Zacks Investment Research downgraded shares of ZALE CORP NEW (ZLC) from NEUTRAL to UNDERPERFORM on December 10, 2012, with a target price of $4.40.
Zale Corporation is a specialty retailer of fine jewelry. The company operates under four brand names: Zales Jewelers, Gordon's Jewelers, Bailey Banks & Biddle Fine Jewelers, and Peoples Jewellers. Zales Jewelers provides traditional, moderately priced jewelry. Gordon’s Jewelers offers contemporary merchandise targeted to regional preferences. Bailey Banks & Biddle Fine Jewelers operates upscale jewelry stores which are considered among the finest jewelry stores in their markets. Peoples Jewellers offers traditional moderately priced jewelry to customers across Canada.
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