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Fly News Breaks for March 1, 2017
CHKE
Mar 1, 2017 | 08:51 EDT
Following a conversation with Cherokee CEO Henry Stupp, Roth Capital analyst Dave King reaffirms his positive view, particularly following a selloff in shares that seems to be more macro/sector-driven. The analyst believes fundamentals are seemingly approaching a floor and sees meaningful growth for the Hawk brand. Additionally, he says the recent acquisition of Hi-Tec paves the way for further door growth and category expansion. King reiterates a Buy rating and $18 price target on the shares.
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