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Benzinga

Business

Priya Nigam

REVEALED: The sticky challenges driving this joann analyst s downgrade - The Real Truth

JOAN JOANN BofA Securities Nasdaq

Joann Inc. (NASDAQ:JOAN) reported disappointing results and its first-quarter print indicated that some challenges are likely to be “sticky,” according to BofA Securities.

The Joann Analyst: Elizabeth Suzuki downgraded the rating for Joann from Buy to Neutral while reducing the price target from $20 to $8.

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