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Fly News Breaks for August 25, 2016
EXPR
Aug 25, 2016 | 05:59 EDT
UBS analyst Michael Binetti downgraded Express to Sell and lowered its price target to $10 from $16. The analyst sees downside earnings risk despite the lowered guidance given deteriorating traffic, August traffic trends that he believes are running at the low end, product issues, and potential margin pressure as the company steps up direct mail marketing in 2H 2016.
News For EXPR From the Last 2 Days
