Joann hits record high as results beat expectations

Joann

04/06/2021 19:50

** Shares of Joann Inc  JOAN.O  surging over 16% on Fri and
hitting a record high, with investors impressed by the arts and
crafts retailer's quarterly results
    ** At its high, the stock was up over 18%
    ** Several brokerages raised their price targets on the
stock following the co's much stronger-than-expected results
late Thurs  urn:newsml:reuters.com:*:nGNX1Hdc8v  urn:newsml:reuters.com:*:nFWN2NM0I2
    ** JOAN is up roughly 35% since its March 12 trading debut
    ** 8 analysts cover JOAN, on avg rating it a "buy." Its
median PT is $19, according to Refinitiv data

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