Jefferies Maintains Buy on Rent the Runway, Lowers Price Target to $26
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Ashley Helgans maintains a Buy rating on Rent the Runway (NASDAQ:RENT) but lowers the price target from $34 to $26.
September 06, 2024 | 4:34 pm
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NEUTRAL IMPACT
Jefferies analyst Ashley Helgans maintains a Buy rating on Rent the Runway but lowers the price target from $34 to $26, indicating a positive outlook with some caution.
The maintained Buy rating suggests confidence in Rent the Runway's potential, but the lowered price target indicates some concerns or adjustments in expectations. This mixed signal may lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100