Piper Sandler has decided to maintain its Overweight rating of Rent the Runway (NASDAQ:RENT) and lower its price target from $10.00 to $6.00.
Shares of Rent the Runway are trading down 31.46% over the last 24 hours, at $3.38 per share.
Credit Suisse cut the price target for Rent the Runway, Inc. (NASDAQ: RENT) from $7 to $4. Rent the Runway shares fell 30.6% to trade at $3.42 on Tuesday.
Rent The Runway Inc (NASDAQ: RENT) reported better-than-expected financial results but issued guidance below analyst estimates and announced a 24% workforce reduction.
Jefferies cut the price target on Dow Inc. (NYSE: DOW) from $71 to $45. Jefferies analyst Laurence Alexander also downgraded the stock from Buy to Hold. Dow shares fell 0.8% to $50.55 in pre-market trading.