Topeka Capital Starts The Children's Place (PLCE) at Hold
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Price: $2.49 +2.47%
Rating Summary:
11 Buy, 13 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
11 Buy, 13 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Topeka Capital initiates coverage on The Children's Place (NASDAQ: PLCE) with a Hold. PT $50.00.
"We like the transformation CEO Jane Elfers has brought about at PLCE, with much improved merchandise and marketing as well as a more profitable outlet business, and new plans to improve sourcing and reduce expenses. However, we think a tough 1H13 is likely to keep a lid on the stock over the near-term, so will wait for greater visibility on 2H13 before turning more positive," said analyst Dorothy S. Lakner.
For an analyst ratings summary and ratings history on The Children's Place click here. For more ratings news on The Children's Place click here.
Shares of The Children's Place closed at $47.42 yesterday.
"We like the transformation CEO Jane Elfers has brought about at PLCE, with much improved merchandise and marketing as well as a more profitable outlet business, and new plans to improve sourcing and reduce expenses. However, we think a tough 1H13 is likely to keep a lid on the stock over the near-term, so will wait for greater visibility on 2H13 before turning more positive," said analyst Dorothy S. Lakner.
For an analyst ratings summary and ratings history on The Children's Place click here. For more ratings news on The Children's Place click here.
Shares of The Children's Place closed at $47.42 yesterday.
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