Baird Downgrades Torrid Holdings to Neutral, Lowers Price Target to $2.5
Portfolio Pulse from Benzinga Newsdesk
Baird analyst Mark Altschwager has downgraded Torrid Holdings (NYSE:CURV) from Outperform to Neutral and lowered the price target from $4 to $2.5.
September 07, 2023 | 9:47 am
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Torrid Holdings has been downgraded by Baird from Outperform to Neutral, with a lowered price target from $4 to $2.5.
The downgrade from Baird, a reputable financial institution, could negatively impact investor sentiment towards Torrid Holdings. The lowered price target suggests that Baird sees less upside potential in the stock, which could lead to selling pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100