Vince Holding weakness creates buying opportunity, says Wells Fargo After Vince Holding's stock dropped and its valuation fell below the peer average, Wells Fargo thinks the stock could see a relief rally and short-covering if it reports in-line Q4 results in March. The firm thinks the company outperformed its industry in Q4 and it views the company as one of the best growth stories in apparel. Wells keeps an Outperform rating on the shares.
Vince Holding downgraded to Neutral from Buy at BofA/Merrill BofA/Merrill downgraded Vince Holding Neutral following the resignation of CFO Lisa Klinger. The firm expects near-term fundamental visibility to remain challenging given the declines in both Vince's wholesale and off-price business.