Torrid resumed with a Buy at BofA

BofA resumed coverage of Torrid (CURV) with a Buy rating and $5 price target The firm views Torrid as “an industry disruptor in the plus-size apparel space with a niche on fit and a compelling turnaround opportunity,” the analyst tells investors. The firm, which thinks Torrid has made meaningful improvements under new leadership, sees the company as well-positioned in a “large, growing and underserved” market.