UBS analyst Jay Sole lowered the firm’s price target on Children’s Place to $40 from $45 and keeps a Neutral rating on the shares. The firm has become "increasingly bearish" on softlines stocks and reduced its calendar 2023 EPS estimates across its coverage by 10%, on average. Its 2023 EPS estimates are now 13% below consensus for the average stock in its coverage in the space, the firm noted.
Published first on TheFly
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Read More on PLCE:
- The Children’s Place Reports Fourth Quarter and Full Year 2022 Results and Provides 2023 Outlook
- Children’s Place sees FY23 adjusted EPS $2.50-$3.00, consensus $3.35
- Children’s Place sees Q1 adjusted EPS ($1.60)-($1.90), consensus ($1.21)
- Children’s Place reports Q4 EPS ($4.10), consensus ($4.09)
- The Children’s Place to Webcast Review of Fourth Quarter and Full Year Fiscal 2022 Financial Results
