Barclays Maintains Overweight on Rent the Runway, Lowers Price Target to $2
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Ross Sandler has maintained an Overweight rating on Rent the Runway (NASDAQ:RENT) but has reduced the price target from $3 to $2.
December 06, 2023 | 11:18 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Barclays has maintained an Overweight rating on Rent the Runway but lowered the price target from $3 to $2.
The reduction in price target by Barclays, despite maintaining an Overweight rating, could lead to a negative perception among investors, potentially causing short-term downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100