Conn’s: ‘Risk-Reward No Longer Favorable’
May 22, 2015 at 11:11 AM EDT
Oppenheimer’s Brian Nagel and Dan Farrell explain why they slashed their rating on Conn’s (CONN): We are lowering our rating on Conn’s to Perform from Outperform and removing our price target on shares (previously $39). In early May (5/5 at $30.05), we upgraded Conn’s on the thesis that the market was underpricing the potential for [...]
