Bank of America pulls a 180 on Children's Place (PLCE +3.3%), changing its stance to Buy from a...

|About: The Children's Place Reta... (PLCE)|By:, SA News Editor

Bank of America pulls a 180 on Children's Place (PLCE +3.3%), changing its stance to Buy from a lowly Underperform rating. The about-face from BofA comes less than two weeks after the specialty retailer slashed Q4 guidance on discounting pressures and high costs.