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Fly News Breaks for October 10, 2016
HSNI
Oct 10, 2016 | 07:09 EDT
Craig-Hallum analyst Alex Fuhrman downgraded HSN, Inc to Hold and lowered its price target to $42 from $62. Fuhrman's channel checks indicate continued weakness in Q3, with particular weakness in jewelry and consumer electronics. He now estimates net sales to decline 3% year-over-year in Q3 versus his prior estimate for a 1% decline and doesn't expect results to start improving until 2017.
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