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Fly News Breaks for January 27, 2016
ETH
Jan 27, 2016 | 09:22 EDT
Gabelli upgraded Ethan Allen to Buy and increased its price target to $34 from $30. Analyst Justin Bergner said Ethan Allen reported a "blowout quarter" with strong orders, sales, and margins on the heels of a new promotional campaign offering 30% off one product in October/November. The analyst said the response was so strong it supports further traffic growth, brand reinvigoration, and margin improvement.
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