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Fly News Breaks for December 13, 2019
LOVE
Dec 13, 2019 | 09:11 EDT
Craig-Hallum analyst Alex Fuhrman lowered his price target for Lovesac to $30 from $45 and reiterated a Buy rating after the company reported mixed Q3 results. In a research note to investors, Fuhrman says he believes that fundamentals remain strong and sees this as a great opportunity to buy into a business with 50%+ gross margins and 25%+ same-store sales.
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