Telsey Advisory Group Maintains Market Perform on Children's Place, Lowers Price Target to $13
Portfolio Pulse from Benzinga Newsdesk
Telsey Advisory Group analyst Dana Telsey maintains a Market Perform rating on Children's Place (NASDAQ:PLCE) and lowers the price target from $24 to $13.
February 12, 2024 | 5:11 pm
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Telsey Advisory Group has lowered the price target for Children's Place from $24 to $13 while maintaining a Market Perform rating.
The reduction in price target by Telsey Advisory Group suggests a bearish outlook on Children's Place's stock price in the short term. This adjustment reflects expectations of weaker performance or potential challenges the company may face. Given the significant drop in the price target, this news is likely to negatively impact investor sentiment and could lead to a decrease in the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100