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Fly News Breaks for December 17, 2015
CHKE
Dec 17, 2015 | 07:38 EDT
Brean Capital lowered its price target on Cherokee to $23 from $28 following Q3 results that came in below expectations. The firm believes the company's growth was affected by initiatives that will eventually leverage its 360 degree platform, but they see product launches and increasing brand awareness and multiple growth opportunities keeping the company well positioned to increase earnings. Brean Capital reiterated its Buy rating on Cherokee shares.
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