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Fly News Breaks for December 5, 2018
CONN
Dec 5, 2018 | 09:15 EDT
Stephens analyst Rick Nelson lowered his price target for Conn's (CONN) to $33 but keeps an Overweight rating on the shares following the company's Q3 results. The costs of store growth is weighing on estimates, Nelson tells investors in a research note. However, as store growth normalizes at higher levels the comparisons will ease, the analyst adds. He continues to see a "substantial" unit growth opportunity for Conn's as well as insulation from Amazon (AMZN) competition.
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