Reported 2 days ago
In recent market updates, Abercrombie & Fitch and Papa John's International received downgrades from analysts, with Abercrombie's stock falling over 7.5% after a downgrade by JP Morgan. Despite some successes in targeting younger consumers, Abercrombie struggles with declining revenues. Papa John's downgrade by Bank of America highlights risks to sales growth amid consumer pressures. Meanwhile, Klarna, a prominent player in the buy now, pay later sector, is initiating coverage on Wall Street with optimistic ratings from multiple firms, indicating strong growth potential in a value-driven market.
Source: YAHOO