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Fly News Breaks for March 1, 2018
LL
Mar 1, 2018 | 09:13 EDT
SunTrust analyst Keith Hughes lowered his price target on Lumber Liquidators to $24 after the company's Q4 earnings beat, saying it finished the year with improvement on all metrics. Hughes also notes increasing investor concerns of heightened competition from "big-box" retailers and expects long-term margin goals to take some time to be realized. The analyst keeps his Hold rating on Lumber Liquidators, projecting a "more reasonable" earnings scenario.
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