Why Children's Place Stock Is Trading Higher Today

Children's Place Inc PLCE is trading significantly higher Monday after the stock was upgraded at Wedbush and Monness, Crespi, Hardt.

The Children's Place is a specialty retailer of apparel for children ranging from newborns to pre-teens.

What Happened: Wedbush upgraded Children's Place from Neutral to Outperform and raised the price target from $48 to $150.

Monness, Crespi, Hardt upgraded Children's Place from Neutral to Buy and announced a $93 price target.

These upgrades come in advance of the company's first-quarter financial results which are scheduled for Thursday before the market opens. 

Price Action: Children's Place set a new 52-week high today as the stock traded as high as $91.36.

At last check Monday, it was up 15.5% at $89.67.

Photo by Mike Mozart from Flickr.