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Fly News Breaks for May 27, 2016
CHS
May 27, 2016 | 07:33 EDT
After Chico's reported significantly weaker than expected Q1 results and lowered its full-year comp sales and margin guidance, SunTrust says that the company is "challenged" in the near-term. However, the firm is impressed with the company's CEO and its cost-cutting initiatives. It thinks the company is "positioned for long-term improvements" and keeps a Buy rating on the shares.
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