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Fly News Breaks for March 2, 2020
CSPR
Mar 2, 2020 | 07:37 EDT
As previously reported, Guggenheim analyst Robert Drbul initiated coverage of Casper Sleep with a Buy rating and $15 price target. The company is already "perhaps the biggest 'show me' story in U.S. retail" despite the fact that it has yet to report a single quarter as a public company, Drbul tells investors. He sees an attractive risk/reward at current levels given what he sees as Casper's strong brand, "talented" leadership, innovative products, omni-channel growth, near-term path to profitability and long-term financial profile, Drbul said.
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