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Fly News Breaks for March 2, 2020
CSPR
Mar 2, 2020 | 06:44 EDT
Jefferies analyst Randal Konik initiated coverage of Casper Sleep with a Buy rating and $19 price target. Casper is a "strong and disruptive brand" poised to take significant share in the large and growing sleep economy, Konik tells investors in a research note. He believes the company's high gross margins are indicative of the company's pricing power and that its "path to profits is clear and makes current valuation attractive."
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