UPDATE: Keybanc Downgrades Vera Bradley, Removes PT - Vera Bradley (NASDAQ:VRA)

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.

According to a research report published today, Keybanc has downgraded Vera Bradley (NASDAQ: 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.

Crypto Whales Are Loading Up — Are You?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!