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Fly News Breaks for January 8, 2020
GRWG
Jan 8, 2020 | 14:29 EDT
Lake Street analyst Mark Smith reiterated a Buy rating on GrowGeneration and raised his price target to $7.00 from $6.50 after the company announced initial Q4 revenue and same-store sales data, along with a corporate update. The analyst said sales were "significantly" better than expected, with a year-over-year increase of over 180%, and noted that same-store sales increased 62% in Q4 and 36% for the year. Smith called GrowGeneration a "nicely progressing" growth story with undervalued shares.
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