Jefferies analyst Randal Konik downgraded Signa Sports to Hold from Buy with a price target of $4, down from $8. The analyst sees an "uncertain path forward" for Signa due to macro challenges and category-specific softness stemming from the COVID "unwind." Earnings revisions have skewed materially negative over the past year, and it is prudent to move to the sidelines until greater model visibility emerges, the analyst tells investors in a research note.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on SSU: