According to a research report published today, Keybanc has downgraded Vera Bradley VRA shares from Buy to Hold, and has removed its $44 PT.
Keybanc explained in the report, “We think that Vera Bradley, Inc. (VRA-NASDAQ) has one of the most compelling long-term wholesale-to-retail stores within our coverage, but the recent stock performance and our near-term margin concerns move us to the sidelines. Since our initiation at BUY on November 30, 2010, VRA has risen 18.7% vs. 14.9% for the S&P 500 over the same time frame. Vera Bradley has, in our opinion, a unique lifestyle brand and a significant new store opportunity (56 stores today, 14-20 new stores per annum).”
Vera Bradley closed yesterday at $36.80.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in