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Fly News Breaks for May 22, 2015
CONN
May 22, 2015 | 07:46 EDT
Stifel increased its price target on Conn;s after raising its estimates to account for the company's already announced April quarter sales and the company's lower than expected Q1 provision rate. The firm also cited what it sees as improved credit trends over the past several months, the possibility of continued pressure on the stock's large short position and the continued pursuit of a transaction concerning the company’s receivables. Stifel keeps a Buy rating on the shares.
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