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Fly News Breaks for June 7, 2017
CONN
Jun 7, 2017 | 07:08 EDT
KayBanc says that investors were disappointed with Conn's lower than expected Q2 comp sales guidance. However, the firm says it believes that "some of the weakness is ultimately explainable/transitory," and it continues to expect the company's comp sales to improve throughout fiscal 2017. Moreover, it believes that the company's "credit turnaround appears to be on track." KeyBanc keeps a $22 price target and Overweight rating on the shares.
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