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Fly News Breaks for September 3, 2019
CONN
Sep 3, 2019 | 13:35 EDT
Stifel analyst John Baugh reiterated his Buy rating on Conn's and raised his price target on the shares to $31 from $28 after the company reported "good" Q2 results and gave "healthy" Q3 guidance. He reads the material acceleration in new applications processed and sequential decline in the rate of active customers as early signs that the company's growth initiatives are "beginning to bear fruit," Baugh tells investors in a post-earnings research note.
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