Goldman Sachs Maintains Sell on The Children's Place (PLCE)
Goldman Sachs maintained a Sell rating on The Children's Place (NASDAQ: PLCE) and lowered its price target to $39.00 (from $40.00). The company reported Q4 results yesterday.
Commenting on developments, analyst Taposh Bari said, "The weak start to the quarter reinforces our belief that PLCE is disproportionately vulnerable to various factors – this time weather. While the pillars of PLCE's turnaround story have merit individually, the likelihood of all coinciding with an accommodative macro environment appears very low, in our opinion."
For an analyst ratings summary and ratings history on The Children's Place (NASDAQ: PLCE) click here. For more ratings news on The Children's Place click here.
Shares of The Children's Place closed at $44.51 yesterday, with a 52 week range of $42.21-$62.24.
Commenting on developments, analyst Taposh Bari said, "The weak start to the quarter reinforces our belief that PLCE is disproportionately vulnerable to various factors – this time weather. While the pillars of PLCE's turnaround story have merit individually, the likelihood of all coinciding with an accommodative macro environment appears very low, in our opinion."
For an analyst ratings summary and ratings history on The Children's Place (NASDAQ: PLCE) click here. For more ratings news on The Children's Place click here.
Shares of The Children's Place closed at $44.51 yesterday, with a 52 week range of $42.21-$62.24.