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Stock Market & Financial Investment News

News Breaks
February 25, 2013
11:15 EDTPLCEChildren's Place falls sharply for a second session, levels to watch
Shares are currently down nearly 4% at time of writing, bouncing slightly off of session lows at $46.01. At the current price of $46.10, resistance is at $47.05. Support is at $46,01, and then at $45.45. Janney Capital earlier downgraded the shares to Neutral, with a price target of $49. Pressures being placed on low-end consumers, increased discounting from competitors and promotions, and delayed Spring season purchases were cited as reasons for the recommendation change.
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April 11, 2014
09:05 EDTPLCEChildren's Place turnaround opportunities compelling, says FBR Capital
FBR Capital believes Children's Place offers one of the most compelling turnaround opportunities in specialty retail. FBR says it is more positive on the company's turnaround story after meeting with management and it reiterates an Outperform rating on the name with a $60 price target.

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