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Fly News Breaks for April 15, 2016
BONT
Apr 15, 2016 | 06:06 EDT
Credit Suisse analyst Michael Exstein downgraded Bon-Ton Stores to Underperform citing the recent outperformance of the shares. The company's "highly leveraged" financial and operating structure give it less flexibility to cope with the challenges in the mall anchor sector, Exstein tells investors in a research note. He lowered his price target for the shares to $1.50 from $2.
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