** Shares of apparel retailer Children's Place up 3.8% at $15.7
** UBS raises PT for PLCE stock to $18 from $12 and maintains "neutral" rating
** PLCE made surprising progress reducing expenses in Q2 - brokerage
** PLCE will continue to benefit from reduced reliance on third party logistics providers for online orders and lower marketing expenses, offset slightly by increased payroll expenses - UBS
** PLCE has fallen 31.7%, YTD
(Reporting by Juby Babu in Mexico City)
((Juby.Babu@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments