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Fly News Breaks for September 17, 2019
LOVE
Sep 17, 2019 | 07:12 EDT
Canaccord analyst Maria Ripps resumed coverage of Lovesac with a Buy. The analyst noted China tariffs disrupted the company's supply chain leading to a negative turn in the share price. She believes the move lower has been an over-reaction since the company already had initiated a shift towards Vietnamese suppliers. Ripps said its Q2 results solidified investor perception of the company's ability to execute helping the stock recover some of its lost ground. Ripps has a $33 price target on Lovesac shares.
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