Telsey Advisory Group Downgrades Rent the Runway to Market Perform, Lowers Price Target to $1
Portfolio Pulse from Benzinga Newsdesk
Telsey Advisory Group has downgraded Rent the Runway (NASDAQ:RENT) from Outperform to Market Perform and lowered the price target from $4 to $1.

September 11, 2023 | 9:26 am
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Rent the Runway's rating has been downgraded by Telsey Advisory Group from Outperform to Market Perform. The price target has also been lowered from $4 to $1.
The downgrade from Outperform to Market Perform by Telsey Advisory Group indicates a less optimistic outlook for Rent the Runway. The significant reduction in the price target from $4 to $1 also suggests that the analyst believes the stock is overvalued at its current price, which could lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100