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Fly News Breaks for January 25, 2017
PLCE
Jan 25, 2017 | 07:04 EDT
Telsey Advisory analyst Dana Telsey said the selloff in Children's Place shares provides an upside trading opportunity following the recent selloff in shares. Telsey said Children's Place continues to perform well in a competitive childrenswear market and continues to benefit from its inventory management, allocation and replenishment, planning and forecasting, and markdown optimization systems initiatives. The analyst expects the runway of systems benefits to continue into 2017 and raised her price target on shares to $110 from $100. Telsey rates Children's Place a Market Perform.
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