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Fly News Breaks for October 2, 2018
HOME
Oct 2, 2018 | 05:13 EDT
Goldman Sachs analyst Matthew Fassler last night upgraded At Home Group to Buy from Neutral while lowering his price target for the shares to $39 from $41. Recent sales misses, tariff concerns, and macro data have created investor concerns and a "steep discount" in the shares relative to other growth retailers, Fassler tells investors in a research note. The analyst sees an opportunity to "buy into a high-potential growth franchise" with 26% upside potential. Achieving earnings forecasts in late November should help drive a rebound in the shares back toward recent valuation levels, the analyst contends.
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