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Fly News Breaks for June 13, 2016
CHKE
Jun 13, 2016 | 09:13 EDT
Roth Capital analyst Dave King lowered his price target for Cherokee to $18 from $22 after the company reported quarterly results. While EPS fell short of estimates on higher expenses, Cherokee's revenue exceeded consensus, helped by organic growth for the company's namesake brand, the analyst tells investors in a research note. King continues to recommend Cherokee for its unique brand licensing approach, robust margins, and strong cash flows. He reiterates a Buy rating on the shares.
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