Tween Brands falls 6% to 52-week low on analyst downgrade

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Tween Brands Inc. (NYSE:TWB) is 6% lower in today’s trading after the teen clothing brand company was downgraded by Friedman Billings Ramsey to “market perform” from “outperform.” The research firm gave youth clothing retailer The Gymboree Corporation (Nasdaq:GYMB) the same downgrade. Overall consumer spending is down as the economy faces the hurdles of high gas prices and a crumbling housing market. The New Albany, Ohio-based Tween Brands is down 38% since January. In today’s trading, Tween Brands is off $1.04 to $15.14 at 12:52 ET, a 52-week low for the stock.

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