AC Moore downgraded to "buy"

12/08/03 - Adams Harkness & Hill

NEW YORK, December 8 (New Ratings) — Analysts at Adams Harkness & Hill downgrade AC Moore (ACMR) from "strong buy" to "buy." The target price has been reduced from $28 to $24.

In a research note published this afternoon, the analysts mention that AC Moore’s share price has appreciated significantly so far in 2003. Adams Harkness & Hill expresses its concern regarding the sluggish sales performance of the company’s products across the US retail markets in November this year.