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Fly News Breaks for April 3, 2017
DLA
Apr 3, 2017 | 08:38 EDT
Roth Capital analyst Dave King says Delta Apparel further reduced reliance on licensed properties with the sale of its Junk Food vintage tee business. The analyst views this transaction positively, since it demonstrates the value underlying Delta's assets and management's willingness to monetize them, and says shares look "significantly undervalued" based on his updated sum-of-the-parts. He reiterates a Buy rating and $26 price target on the shares.
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