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Fly News Breaks for April 10, 2015
CAB
Apr 10, 2015 | 06:11 EDT
Goldman downgraded Cabela's to Sell and lowered its price target to $49 from $50. The firm believes Cabela's store expansion plans increasingly cannibalize existing stores and confront competition, pressuring new store productivity and ROC erosion. Goldman sees risk to 2H consensus earnings and same-store-sales estimates and believes redundant investments will continue to impact returns.
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