B. Riley Securities Downgrades Children's Place to Neutral, Lowers Price Target to $19
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities analyst Jeff Lick has downgraded Children's Place (NASDAQ:PLCE) from Buy to Neutral and reduced the price target from $45 to $19, indicating a more cautious outlook on the company's stock.
November 20, 2023 | 9:57 am
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Children's Place downgraded by B. Riley Securities from Buy to Neutral with a significant price target cut from $45 to $19, suggesting a bearish view on the stock's future performance.
The downgrade by a prominent analyst, along with a more than 50% reduction in the price target, is likely to negatively influence investor sentiment and could lead to a short-term decline in the stock price of Children's Place.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100