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Fly News Breaks for May 20, 2015
SHLD, TGT, CHKE
May 20, 2015 | 07:49 EDT
Brean Capital expects a modest impact to Cherokee (CHKE) from the loss of Target Canada (TGT) but sees the addition of Sears (SHLD) and other new partnerships adding to its solid long-term growth. The firm already sees upside to both their top and bottom-line estimates. Brean Capital reiterated its Buy rating and raised its price target to $28 from $26 on Cherokee shares.
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