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Fly News Breaks for September 5, 2018
CONN
Sep 5, 2018 | 08:42 EDT
Jefferies analyst Kyle Joseph says that despite Conn's good Q2 results, the shares sold off 13% largely related to the guidance for negative same-store-sale comps in Q3 due to last year's post-hurricane sales ramp. The analyst, however, is a buyer of the stock. He sees the company's comps flattening over the next three quarters, paving the way for "strong" earnings growth. Joseph keeps a Buy rating on Conn's with a $44 price target. He recommends using yesterday's pullback as a buying opportunity.
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