Ann Taylor and Urban Outfitters fell; Goldman Sachs downgraded the two companies

Ann Taylor and Urban Outfitters fell; Goldman Sachs downgraded the two companies

NEW YORK (Reuters) - Goldman Sachs downgraded Ann Taylor Stores ANN.N and Urban Outfitters URBN.O to "neutral" and said they were cutting investments in specialty apparel as the economic recovery slows.

Ann Taylor Stores fell 1.45 percent to $16.96 in early trading Tuesday, while Urban Outfitters fell 1.43 percent to $33.18.