Retailer Children's Place up after UBS raises PT

Children's Place

19/09/2024 16:42

** Shares of apparel retailer Children's Place  PLCE.O  up
3.8% at $15.7
    ** UBS raises PT for PLCE stock to $18 from $12 and
maintains "neutral" rating
    ** PLCE made surprising progress reducing expenses in Q2 -
brokerage
    ** PLCE will continue to benefit from reduced reliance on
third party logistics providers for online orders and lower
marketing expenses, offset slightly by increased payroll
expenses - UBS
    ** PLCE has fallen 31.7%, YTD

 (Reporting by Juby Babu in Mexico City)
 ((Juby.Babu@thomsonreuters.com;))