Telsey sets $20 target on Reformation with Underperform rating
- Telsey Advisory Group initiates coverage on Reformation (NYSE: REF)
- Analyst Dana Telsey assigns an Underperform rating to the stock
- Price target is set at $20 per share

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Telsey Advisory Group initiated coverage on Reformation (NYSE: REF) with an Underperform rating. The firm set a price target of $20 for the shares.
Coverage Initiation
Analyst Dana Telsey established the initial coverage stance for the apparel retailer. The negative rating reflects the firm's assessment of the stock's potential performance relative to the broader market.
| Metric | Value |
|---|---|
| Rating | Underperform |
| Price Target | $20 |
| Analyst | Dana Telsey |
The initiation provides investors with a baseline valuation framework from the advisory group.
What specific operational or financial metrics did Telsey Advisory Group cite as primary drivers for the Underperform rating?
How does Reformation's current valuation compare to its direct competitors in the sustainable apparel sector given this new price target?
What potential catalysts could cause Telsey Advisory Group to upgrade their rating from Underperform in the next 12 months?





























