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Stock impact report

Torrid Holdings is defended by BofA after post-earnings share price slide [Seeking Alpha]

Torrid Holdings Inc. (CURV) 
Company Research Source: Seeking Alpha
Torrid Holdings is defended by BofA after post-earnings share price slideSep. 08, 2022 7:53 AM ETTorrid Holdings Inc. (CURV)By:Clark SchultzSA News EditorcemagraphicsTorrid Holdings (NYSE:to $1.30B vs. a prior view for $1.30B to $1.37B and $1.33B consensus.On Wall Street, Bank of America is defending the mall stock.The firm reiterated a Buy rating on Torrid ("We are encouraged to hear that disruptions from its recent distribution center update were corrected by quarter end, and the changes will enable higher throughput in 3Q."Analyst Lorraine Hutchinson and team think the CURV guidance that was issued is potentially conservative due to new launches, more targeted promotions and better inventory controls in place. BofA has a price objective of $6 on the stock.Shares of Torrid Holdings (15.08%following the Q2 earnings report. Show less Read more
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