Raymond James Maintains Outperform on Rent the Runway, Lowers Price Target to $5
Portfolio Pulse from richadhand@benzinga.com
Raymond James analyst Rick Paterson maintains an Outperform rating on Rent the Runway (NASDAQ:RENT) but lowers the price target from $8 to $5.
June 08, 2023 | 11:20 am
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Raymond James maintains an Outperform rating on Rent the Runway (NASDAQ:RENT) but lowers the price target from $8 to $5.
The news directly mentions Rent the Runway (NASDAQ:RENT) and its lowered price target by Raymond James. While the Outperform rating is maintained, the reduced price target may have a neutral impact on the stock price in the short term as investors weigh the positive rating against the lower target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100