Wedbush downgraded Purple Innovation to Neutral from Outperform with a price target of $1.10, down from $1.75.
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Read More on PRPL:
- Purple Innovation Restructures for Operational Efficiency
- Purple Innovation consolidating manufacturing operations
- Purple Innovation price target lowered to $1.50 from $2 at Craig-Hallum
- Purple Innovation price target lowered to $1.75 from $2.25 at Wedbush
- Purple Innovation cuts FY24 revenue view $490M-$510M from $540M-$560M