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Fly News Breaks for March 2, 2020
CSPR
Mar 2, 2020 | 06:45 EDT
Citi analyst Nicholas Jones initiated coverage of Casper Sleep with a Buy rating and $12 price target. The analyst expects Casper to maintain its "strong" marketing strategy, at the cost of profits, to quickly build its position within mattress retailing. The company has a scalable strategy to leverage multiple retail channels and trades at a a low valuation relative to peers, Jones tells investors in a research note.
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