Jefferies lowered the firm’s price target on J.Jill (JILL) to $18 from $20 and keeps a Buy rating on the shares following “decent” Q3 results. The firm noted there was strength in J.Jill’s direct channel, but experienced soft store results. The company’s Q4 guide assumes elevated promotions and tariffs, and guides net sales, SSS, and adjusted EBITDA, below Street estimates, Jefferies told investors in a research note.
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