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Fly News Breaks for September 18, 2018
HOFT
Sep 18, 2018 | 09:16 EDT
Sidoti analyst Anthony Lebiedzinski downgraded Hooker Furniture to Neutral from Buy and cut its price target to $43 from $57 saying new tariffs will be difficult to overcome. Lebiedzinski said about 43% of Hooker's 2017 sales were imported from China and expects the company to try to pass along increases, which will reduce unit demand.
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