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Fly News Breaks for June 12, 2015
CHKE
Jun 12, 2015 | 07:08 EDT
Brean Capital noted Cherokee reported Q1 results that the firm called solid, setting up what they believe will be strong year. The firm said the brand management/license model remains a compelling investment in the consumer space given minimum revenue guarantees and no inventory risk. Brean Capital reiterated its Buy rating and $28 price target on Cherokee shares.
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