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Benzinga
Benzinga
Business
Priya Nigam

The 'Sticky' Challenges Driving This Joann Analyst's Downgrade

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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