Analyst maintains “buy” rating on Pacific Sunwear of California
Pacific Sunwear of California, Inc. (Nasdaq:PSUN) shares are up despite a reduction in estimates for the specialty retailer by analysts at DA Davidson. The investment bank maintained its “buy” rating and set its price target at $17. DA Davidson noted that Pacific Sunwear issued its second-quarter guidance significantly below Wall Street estimates.
In Wednesday afternoon trading, PSUN shares are up 4.38%, or $0.40, to $9.54. For detailed price information and recent news stories about Pacific Sunwear, click PSUN.
About the Author
Reporter Will Atkinson is based in SmallCapInvestor.com's Washington, D.C. bureau.
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