Telsey Advisory lowered the firm’s price target on Children’s Place to $9 from $13 and keeps a Market Perform rating on the shares. Following disappointing preliminary Q4 results in February, quarterly results came in line with expectations, the analyst tells investors. The firm lowered its price target on the stock due to macro uncertainty and lack of visibility to more current trends at the company.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PLCE:
- Mithaq Capital’s Majority Stake in Children’s Place: A Potential Conflict of Interest for Minority Shareholders
- Children’s Place reports Q4 adjusted EPS ($7.38), consensus ($1.66)
- Short Report: Nordstrom shorts cover on new take-private reports
- Childrens Place call volume above normal and directionally bullish
- Tesla, Airbnb upgraded: Wall Street’s top analyst calls