Morgan Stanley Downgrades Torrid Holdings to Underweight, Maintains Price Target to $5
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has downgraded Torrid Holdings (NYSE:CURV) from Equal-Weight to Underweight, while maintaining the price target at $5.
July 18, 2024 | 9:37 am
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Morgan Stanley has downgraded Torrid Holdings (NYSE:CURV) from Equal-Weight to Underweight, while maintaining the price target at $5. This downgrade could indicate a lack of confidence in the company's short-term performance.
The downgrade from a major financial institution like Morgan Stanley typically signals a negative outlook on the stock's short-term performance. Maintaining the price target at $5 suggests that the analyst does not foresee significant upside potential.
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IMPORTANCE 80
RELEVANCE 100