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Fly News Breaks for March 1, 2018
LL
Mar 1, 2018 | 16:44 EDT
Loop Capital analyst Laura Champine initiated Lumber Liquidators with a Hold rating and a price target $22. Champine says the FY18 projection for earnings marks the return to profitability after 3 years of losses and valuations are "fair" based on a turnaround story at this stage. However, the analyst also notes that the company has not fully settled the MDL issue, and DOJ and SEC investigations are ongoing.
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