Barclays Maintains Overweight on Rent the Runway, Lowers Price Target to $3
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Ross Sandler has maintained an Overweight rating on Rent the Runway (NASDAQ:RENT) but lowered the price target from $4 to $3.
September 11, 2023 | 3:21 pm
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Barclays has maintained an Overweight rating on Rent the Runway but lowered the price target from $4 to $3.
The lowering of the price target by Barclays from $4 to $3 indicates a potential decrease in the short-term value of Rent the Runway's stock. However, the maintained Overweight rating suggests that Barclays still sees potential in the company's long-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100