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Fly News Breaks for August 5, 2015
LL
Aug 5, 2015 | 10:56 EDT
Cantor Fitzgerald analyst Laura Champine lowered her price target for shares of Lumber Liquidators to $15 following the company's "disappointing" Q2 results. The wood retailer's legal and regulatory issues continue to rise, Champine tells investors in a post-earnings research note. Further, the company faces an "uphill battle restoring its brand reputation and reviving sales," she writes. Champine keeps a Hold rating on Lumber Liquidators but admits she doesn't view the company's business model as broken. The stock is trading down $3.41 to $14.95 following this morning's earnings report
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