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Fly News Breaks for August 24, 2016
KIRK
Aug 24, 2016 | 07:09 EDT
B. Riley analyst Jeff Van Sinderen lowered his price target on Kirkland's to $15 from $21 after the company reported lower than expected revenue and larger than expected losses and gave below consensus guidance. Van Sinderen keeps a Buy rating on the shares, citing the company's progress with its supply chain and e-commerce as well as the expectation for a return to positive comps.
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