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Telsey Advisory Group analyst Dana Telsey reiterated the Less Risk rating on the shares of Lands' End Inc (NASDAQ: LE) with a price target of $18.00. The company announced the appointment of Andrew McLean as the next CEO, following the planned retirement of CEO Jerome Griffith, effective at the end of FY22. To ensure a smooth transition, McLean will join the company as CEO-Designate and Board member on November 1, 2022. Griffith will continue to serve as a Director after his retirement. Related:
Lands' End Inc. on Monday named Andrew McLean as CEO-designate to succeed Jerome Griffith, who will retire as CEO on Jan. 27 and become executive vice chair of the company's board. McLean, who is president, international of American Eagle Outfitters Inc. , will join Lands' End on Nov. 1. Griffith will remain on the Lands' End board of directors and is expected to be nominated for re-election at the company's 2023 annual meeting. Shares of Lands' End are down 46.5% in 2022, compared to a 14.7% dr