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Fly News Breaks for January 9, 2018
PLCE
Jan 9, 2018 | 09:18 EDT
SunTrust analyst Pamela Quintiliano raised her price target on Children's Place to $157 after the company's post-holiday update that featured a raise in Q4 EPS and comps forecasts. The analyst says she is impressed with the execution of Children's Place, anticipating the company to achieve its 10% operating margin goals, but adds that the 18.1-times forward PE valuation relative to 15.3-times historical average suggests that these positive expectations are baked into the price. Quintiliano keeps her Hold rating on Children's Place.