The Buckle: A Little Too Uncomfortable For A Bullish Assessment (Rating Downgrade)
Portfolio Pulse from
The Buckle has been downgraded from 'buy' to 'hold' due to recent declines in revenue and earnings, despite a strong balance sheet. Rising costs and declining sales are concerning for the company.
November 23, 2024 | 3:45 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
The Buckle has been downgraded from 'buy' to 'hold' due to recent declines in revenue and earnings, despite a strong balance sheet with significant cash reserves and no debt.
The downgrade from 'buy' to 'hold' reflects concerns over declining revenue and earnings, which outweigh the positives of a strong balance sheet. This is likely to negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100