Apparel Retailer Shares Fall; Guess Shares Rise Following Analyst Upgrade

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Apparel retailers' stock declined on Monday, as the market as a whole tumbled on rising oil prices.

Crude oil prices climbed $1.65 to $65.76 a barrel on the New York Mercantile Exchange, on growing concern that oil supplies could be disrupted as violence escalates in Nigeria.

One exception was Guess Inc., whose shares rose as an analyst praised its merchandise and upgraded the stock to "Outperform" from "Market Perform."

Here is how some apparel retailers did on Monday:

Gap Stores Inc., down 5 cents to $18.91.

AnnTaylor Stores Corp., down 60 cents to $38.26.

Talbots Inc., down 8 cents to $24.62.

Abercrombie & Fitch Co., down 63 cents to $82.88.

American Eagle Outfitters Inc., down 39 cents to $30.50.

Limited Brands Inc., down 23 cents to $26.63.

Guess Inc. shares, up $1.48, or 3.7 percent, to $41.07.

Pacific Sunwear of California Inc., down 5 cents to $22.05.
Hot Topic Inc., down 49 cents, or 4.1 percent, to $11.62.

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