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Why Chico's FAS, Inc. Stock Slumped Today

TheMotleyFool

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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