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Fly News Breaks for October 31, 2016
HSNI
Oct 31, 2016 | 08:22 EDT
Maxim analyst Tom Forte acknowledge that his above-consensus projections for HSN, Inc.'s Q3 results may be "relatively optimistic" given that the Summer Olympics and election may have disrupted HSN's operating results. However, he believes the challenges facing the company to be widely known and views the shares as oversold given his expectation for significant upside over the next 12 months. Forte keeps a Buy rating and $61 price target on HSN shares ahead of the company's report on November 7.
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