Piper Sandler Maintains Neutral on JOANN, Lowers Price Target to $1.5
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Peter Keith maintains a Neutral rating on JOANN (NASDAQ:JOAN) and lowers the price target from $3.5 to $1.5.
June 06, 2023 | 12:52 pm
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Piper Sandler analyst Peter Keith maintains a Neutral rating on JOANN (NASDAQ:JOAN) and lowers the price target from $3.5 to $1.5.
The lowered price target from $3.5 to $1.5 by Piper Sandler analyst Peter Keith indicates a bearish outlook on JOANN's stock. This news may negatively impact the stock price in the short term as it suggests that the analyst believes the stock is overvalued at its current price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100