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Fly News Breaks for March 2, 2020
CSPR
Mar 2, 2020 | 07:27 EDT
Morgan Stanley analyst Lauren Cassel initiated coverage of Casper Sleep with an Equal Weight rating and $12 price target. While she thinks the company has strong brand recognition and "a ripe opportunity for market share gains," she is skeptical about its ability to profitably scale and sees Casper having "a weak competitive moat."
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