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Fly News Breaks for November 1, 2018
LL
Nov 1, 2018 | 09:15 EDT
SunTrust analyst Keith Hughes lowered his price target on Lumber Liquidators to $13 and kept his Hold rating, saying that while its Q3 profits topped expectations, the margin outlook was hampered by the "headwinds from upcoming tariffs, cost inflation, and a competitive environment that makes price realization very difficult". The analyst also notes slowing comps and weak traffic during Q3, even as he acknowledges that some of that slowdown comes from Lumber Liquidators moving away from its historical promotional approach.
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