Torrid initiated with a Neutral at BTIG

BTIG initiated coverage of Torrid (CURV) with a Neutral rating and no price target Torrid is the “dominant player in the large and growing plus-size apparel market,” with further share consolidation opportunity as competitors retreat, the analyst tells investors. However, the firm looks for more clarity around the timing of a revenue and margin inflection with shares trading above historical levels and peers, the analyst added.