KeyCorp Downgrades The Wet Seal to Hold (WTSL)
The Wet Seal (NASDAQ:WTSL) was downgraded by analysts at KeyCorp from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, TheFlyOnTheWall.com reports.
The Wet Seal (NASDAQ:WTSL) opened at 1.05 on Wednesday. The Wet Seal has a 1-year low of $0.80 and a 1-year high of $4.11. The stock’s 50-day moving average is $0.9 and its 200-day moving average is $1.13. The company’s market cap is $88.7 million.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of The Wet Seal in a research note on Friday, July 18th. They now have a $1.00 price target on the stock. Analysts at B. Riley upgraded shares of The Wet Seal from a “sell” rating to a “neutral” rating in a research note on Monday, June 30th. They now have a $0.90 price target on the stock, up previously from $0.50. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The Wet Seal has an average rating of “Hold” and an average target price of $2.23.
The Wet Seal, Inc is a multi-channel specialty retailer selling fashion apparel and accessory items designed for female customers aged 13 to 34 years old through the Company stores and e-commerce websites.
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