Maxim analyst Tom Forte noted HSN, Inc. (HSNI) reported Q3 sales and EPS that missed estimates, which he said was partly due to some divestitures. Following the report, he decreased his 2016 and 2017 sales projections and lowered his price target on HSN shares to $54 from $61, but maintains his Buy rating, contending that HSN will see improving operating results as it benefits from easier comparisons. Forte also sees the potential for a potential merger of HSN with QVC (QVCA) as being higher than it was entering the year given the recent pressure on both of their shares.