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Fly News Breaks for June 3, 2015
MFRM
Jun 3, 2015 | 07:23 EDT
UBS lowered its price target on Mattress Firm to $68 from $73 to reflect what is likely a transitional period. The firm is looking for visibility into when the company will move past its transition and onto a smoother trend despite seeing decent leverage in its core business including its merchandising margin and ad costs. UBS reiterated its Buy rating on Mattress Firm shares.
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