Duluth Holdings: Slides to record low as Stifel cuts PT
03/12/2019 18:40
** Clothing retailer's shares DLTH.O fall 13.43% to record
low of $7.84 after brokerage Stifel cuts PT on signs of slower
start to Q4 and concerns about men's apparel business
** Stifel cuts PT to $9 from $11, implying a marginal
downside to last close
** "We are slightly conservative on Q4 expectations as soft
ISM data may weigh on core work wear demand and on shorter
holiday season" - Stifel analyst Jim Duffy
** Duluth is set to report Q3 earnings on Thursday before
market opens
** More than 560,000 shares traded, about twice their 25-day
moving average volume
** Including session's decline, stock down 69% this year
(Reporting by Praveen Paramasivam in Bengaluru)
((Praveen.Paramasivam@ThomsonReuters.com))