Torrid Weathering Leadership Transitions, Still Well-Positioned Among Industry Peers, Analyst Says
Portfolio Pulse from Shivani Kumaresan
Telsey Advisory analyst Dana Telsey reiterated an Outperform rating on Torrid Holdings Inc (NYSE:CURV) with a $5 price target, despite recent leadership changes. CFO and COO Tim Martin resigned, and Paula Dempsey was appointed as interim CFO. The company anticipates strong improvement in the back half of the year and guided to FY23 sales above market expectations.
May 19, 2023 | 4:58 pm
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Telsey Advisory maintains an Outperform rating on Torrid Holdings (CURV) with a $5 price target, despite recent leadership changes. The company anticipates strong improvement in the back half of the year and guided to FY23 sales above market expectations.
The analyst maintains an Outperform rating on CURV despite the recent leadership changes, as they believe the company is well-positioned among specialty apparel retailers. The company's guidance for strong improvement in the back half of the year and FY23 sales above market expectations also supports a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100