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Fly News Breaks for September 17, 2015
CHKE
Sep 17, 2015 | 09:12 EDT
After Cherokee (CHKE) reported stronger than expected results but announced that it would lose Target (TGT) as a customer, Roth Capital says that Cherokee can replace most of the lost revenue at potentially higher royalty rates. The firm remains encouraged by what it sees as the significant profitability of the company's new licensing deals. It keeps a $20 price target and Buy rating.
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