B. Riley Securities Downgrades Tilly's to Neutral, Lowers Price Target to $8.75
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities analyst Jeff Van Sinderen has downgraded Tilly's (NYSE:TLYS) from Buy to Neutral and reduced the price target from $10.50 to $8.75.
January 24, 2024 | 11:38 am
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NEGATIVE IMPACT
Tilly's has been downgraded by B. Riley Securities from Buy to Neutral with a lowered price target from $10.50 to $8.75, indicating a less optimistic outlook on the stock.
The downgrade by a prominent analyst from B. Riley Securities suggests a more cautious view on Tilly's future performance. This could lead to a negative investor sentiment and a potential decrease in the stock price in the short term. The reduction in the price target further emphasizes the analyst's reduced confidence in the stock's growth potential.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100