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Fly News Breaks for January 27, 2016
PIR, HVT, BBBY
Jan 27, 2016 | 05:49 EDT
KeyBanc analyst Bradley Thomas downgraded Bed Bath & Beyond (BBBY) to Underweight after his firm's work on housing showed growth has slowed. The analyst says the home furnishings sector is growing increasingly competitive. He is taking a more cautious view on Hardline retailers whose growth is predicated primarily on same-store sales. Thomas has a $35 price target for shares of Bed Bath. The analyst this morning also downgraded Haverty Furniture (HVT) and Pier 1 Imports (PIR) to Sector Weight.
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