Barclays Starts JOANN Inc. (JOAN) at Overweight
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April 6, 2021 9:01 AM EDT
The Street has initiated coverage on JOANN (NASDAQ: JOAN) with positive ratings as the company is positioned as a leader in the sewing/fabrics category.
Numerous Wall Street firms, including Credit Suisse, BofA, Telsey, Wells Fargo, Piper Sandler, Guggenheim, and Barclays, have all started coverage of the stock coverage with a Buy rating of equivalent.
Peter Keith, a senior research analyst at Piper Sandler, says the company is trading at an attractive valuation and the stock is simply too cheap to ignore. He initiated the coverage of JOAN with an Overweight rating and a... More
April 6, 2021 6:22 AM EDT
Credit Suisse analyst Seth Sigman initiates coverage on JOANN Inc. (NASDAQ: JOAN) with a Outperform rating and a price target of $16.00.
The analyst comments "We believe JOAN is a steady cash flow business that has evolved into a more competitive omni-channel... More
