Torrid downgraded to Market Perform from Outperform at William Blair

William Blair downgraded Torrid (CURV) to Market Perform from Outperform. The firm is acknowledging the management’s willingness to pursue more aggressive cost-cutting measures to stabilize the business but also believes that store closures are still in the early stages and may take time to yield a stable operating model, particularly amid ongoing tariff pressures and broader macroeconomic uncertainty, the analyst tells investors in a research note. Long-term revenue retention from these closures also remains a key question, the firm added.