Royal Bank Of Canada Upgrades Reformation (NYSE:REF) to Moderate Buy Rating

Reformation Inc (NYSE:REF) has been upgraded by Royal Bank Of Canada to a 'moderate buy' rating. This change was made in a report issued on Monday, as reported by Zacks.com.

This is not the only analyst upgrade for Reformation recently. Several other firms have also increased their confidence in the company's prospects. Citigroup assumed coverage and set a $20 price target, while Telsey Advisory Group began coverage with an 'outperform' rating and a $20 price objective. JPMorgan Chase & Co. also assumed coverage, assigning an 'overweight' rating and a $21 price target.

Despite the upgrades, not all analysts are optimistic about Reformation's future. The company has a consensus rating of 'buy', but two equities research analysts have rated it with a strong buy rating. Six have issued a buy rating, one has given a hold rating, and there is also dissenting opinion from at least one analyst.

Reformation's stock price opened at $14.43 on Monday. The company's 52-week low was $14.20, while the 52-week high was $17.26.