Lake Street Downgrades Container Store Group to Hold, Lowers Price Target to $3.5
Portfolio Pulse from richadhand@benzinga.com
Lake Street analyst Ryan Meyers has downgraded Container Store Group (NYSE:TCS) from Buy to Hold and lowered the price target from $5 to $3.5.
August 04, 2023 | 11:12 am
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Container Store Group has been downgraded from Buy to Hold by Lake Street, with a lowered price target of $3.5.
The downgrade from Buy to Hold indicates a less optimistic outlook for the company's stock. The lowered price target from $5 to $3.5 suggests that the analyst believes the stock is overvalued at current prices. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100