Market Overview

UPDATE: Ascendiant Capital Raises PT on The Wet Seal Following Q1 Results, Q2 Guidance


In a report published Wednesday, Ascendiant Capital analyst Elizabeth Pierce reiterated a Strong Buy rating on The Wet Seal (NASDAQ: WTSL), and raised the price target from $6.50 to $7.00.

In the report, Ascendiant Capital noted, “Based on Q1 results and Q2 guidance, we believe WTSL's turnaround is well underway. Moreover, based on recent channel checks and ongoing assortment tweaks, including a fashion shift out of wovens and into higher margin knit tops, the stage is set for a strong 2H. Moreover, we expect the marketing (mobile, social media & ecommerce) initiatives to drive market share gains. Finally, although still early, we believe all of the changes taking place position WTSL to eventually reach and possibly exceed peak operating margins.”

The Wet Seal closed on Tuesday at $4.50.

Latest Ratings for WTSL

Nov 2014DowngradesBuyNeutral
Sep 2014UpgradesNeutralBuy
Sep 2014DowngradesBuyHold

View More Analyst Ratings for WTSL
View the Latest Analyst Ratings

Posted-In: Ascendiant Capital Elizabeth PierceAnalyst Color Price Target Analyst Ratings


Related Articles (WTSL)

View Comments and Join the Discussion!

Latest Ratings

SIVBMaxim GroupMaintains300.0
VIACMorgan StanleyReinstates42.0
APDBMO CapitalMaintains275.0
OIDeutsche BankMaintains15.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at