Telsey Advisory Thinks Children’s Place’s Stock is Going to Recover


In a report released today, Dana Telsey from Telsey Advisory maintained a Buy rating on Children’s Place (PLCE), with a price target of $100. The company’s shares opened today at $89.66, close to its 52-week low of $82.05.

According to TipRanks.com, Telsey is a 4-star analyst with an average return of 13.7% and a 58.8% success rate. Telsey covers the Services sector, focusing on stocks such as Ralph Lauren Corp, Nordstrom Inc, and DSW Inc.

Children’s Place has an analyst consensus of Strong Buy, with a price target consensus of $121.75, representing a 35.8% upside. In a report released yesterday, Monness also maintained a Buy rating on the stock with a $128 price target.

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The company has a one-year high of $160.23 and a one-year low of $82.05. Currently, Children’s Place has an average volume of 760K.

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The Children’s Place, Inc. engages in the provision of apparel, accessories and footwear for children. It also designs, contracts to manufacture and sell fashionable and value-priced merchandise under the brand names of The Children’s Place, Place and Baby Place. The company was founded in 1969 and is headquartered in Secaucus, NJ.

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