JPMorgan Downgrades Charlotte Russe (CHIC) to Neutral, $17.50 Price Target
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JPMorgan downgrades Charlotte Russe Holding (Nasdaq: CHIC) from Overweight to Neutral. Despite the downgrade, the firm raised its price target from $15 to $17.50.
This morning's downgrade follows news yesterday that Advent International will acquire the company for $17.50/share in cash.
To see all the analyst calls following the M&A activity, visit our Analyst Ratings page.
Charlotte Russe Holding, Inc. operates as a mall-based specialty retailer of apparel and accessories targeting young women in their teens and twenties.
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