Telsey Advisory raised the firm’s price target on Torrid (CURV) to $6 from $5 and keeps a Market Perform rating on the shares. The firm continues to believe management is taking the correct actions to stabilize the business and create a healthier brand, the analyst tells investors. Overall, Telsey continues to see an opportunity for the company amongst specialty apparel retailers, but visibility to near-term improvement remains challenged, the firm adds.
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