UBS Maintains Neutral on Children's Place, Lowers Price Target to $12
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Jay Sole maintains a Neutral rating on Children's Place (NASDAQ:PLCE) but lowers the price target from $24 to $12.
June 11, 2024 | 11:26 am
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NEGATIVE IMPACT
UBS analyst Jay Sole maintains a Neutral rating on Children's Place but significantly lowers the price target from $24 to $12, indicating potential concerns about the company's short-term performance.
The significant reduction in the price target from $24 to $12 by UBS suggests that the analyst sees potential challenges ahead for Children's Place, which could negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100