MS cuts PT on optical retailer National Vision Holdings - thefly.com

National Vision Holdings

16/06/2022 14:26

** Shares of optical retailer National Vision Holdings
 EYE.O  down 14.1% at $23.88 premarket, amid a wider equities
selloff
    ** Morgan Stanley analyst Simeon Gutman cuts PT to $40 from
$65, reflecting a more challenging near-term outlook due to the
company's low income/value exposure as well as exam capacity
constraints from optometrist shortages, according to thefly.com
https://bit.ly/3xUTz8w
    ** Brokerage has "overweight" rating on the stock
    ** In May, EYE cut its 2022 net rev forecast to $2.01
bln-$2.07 bln from $2.12 bln-$2.17 bln and adj EPS to
$0.65-$0.80 from $1.03-$1.10  urn:newsml:reuters.com:*:nL3N2X23XG
    ** Stock rose 5.6% on Tuesday on news of S&P SmallCap 600
index  .SPCY  entry; co to replace Renewable Energy Group Inc
 REGI.O  in  .SPCY  effective June 16
    ** As of last close, stock down ~42.1% YTD

 (Reporting by Devik Jain in Bengaluru)
 ((Devik.Jain@thomsonreuters.com; within U.S. +1 646 223 8780;
outside U.S. +91 80 6182 2062; ;))