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Fly News Breaks for November 8, 2016
HSNI
Nov 8, 2016 | 07:25 EDT
UBS analyst Eric Sheridan lowered his price target on HSN, Inc. to $50 from $60 following Q3 results. The analyst said the quarter was disappointing with both revenues and continued gross margin pressure. Sheridan believes 2017 will be better for the company's operations and returns and with the stock approaching low historical multiples, he maintained his Buy rating on HSN, Inc. shares.
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