Brokerages Flock to Reformation: Eight 'Buy' Ratings Issued

Reformation (NYSE:REF) has been initiated for coverage by several major brokerages. JPMorgan Chase & Co., Guggenheim, Citigroup, Robert W. Baird, Royal Bank Of Canada, and BTIG Research have all started following the stock.

The brokerage firms have issued a range of ratings and price targets. JPMorgan Chase & Co. initiated coverage with an 'overweight' rating and set a target price of $21.00 for Reformation's shares. This suggests a potential upside of 44.83% from the company's current price.

Other analysts have also weighed in on the stock, with some predicting significant growth. As of now, eight equities research analysts have rated Reformation with a 'Buy' rating and one analyst has assigned a 'Hold' rating to the company.