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Fly News Breaks for March 17, 2015
LL
Mar 17, 2015 | 08:00 EDT
Credit Suisse lowered Neutral rated Lumber Liquidators price target to $40 and reduced estimates to reflect weaker sales trends and uncertainty on how consumers will respond to the fallout over safety concerns. The firm does not believe the sales drop has to be permanent if sales associates can respond to safety concerns effectively and there is more domestic sourcing.
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