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Why Chico's FAS, Inc. Stock Slumped Today

TheMotleyFool

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Why Chico's FAS, Inc. Stock Slumped TodayPhoto, wide shot, wide-angle lens, Fashion store, Midday, harsh overhead sunlight, directional sunlightt, photo by Ansel Adams: https://img.theapi.app/temp/4103ce22-87d6-4bef-ba44-0baf5ab280bb.png

Why Chico's FAS, Inc. Stock Slumped Today

Shares of Chico's FAS, Inc. (NYSE: CHS) were heading lower after Bank of America downgraded the upscale women's fashion retailer to "underperform" from "neutral." Analyst Lorraine Hutchinson said the company's earnings multiple was unwarranted.

The stock finished the day down 7.2%.

Image source: Chico's.

Source: Fool.com