Anaheim-based Pacific Sunwear of California Inc. was one of several retailers downgraded Wednesday by Banc of America Securities.
PacSun went from “buy” to “neutral” after the investment bank warned of “a choppy consumer and an inventory glut” that might hit profits.
On Tuesday, PacSun named Wendy E. Burden as its chief operating officer, starting next month. Burden comes from Limited Brands Inc., where she served as vice president of business strategy and operations at the company’s Victoria’s Secret Stores division.
