Wells Fargo Downgrades Pier 1 To Market Perform

Analysts at Wells Fargo downgraded Pier 1 Imports

from Outperform to Market Perform. Pier 1 Imports shares have declined 34.75% over the past 52 weeks, while the S&P 500 index has surged 15.85% in the same period. Pier 1 Imports' shares dipped 11.52% to $13.75 in pre-market trading.