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Fly News Breaks for June 15, 2015
MFRM
Jun 15, 2015 | 08:11 EDT
As noted earlier, Wedbush downgraded Mattress Firm to Neutral from Outperform. The firm says that the company's margin dilutive strategies may cause it to miss its margin goals, while its competition is increasing. The firm adds that the company has been losing market share for there years, and it thinks that Mattress Firm's 2H15 results may miss expectations. Target $60.
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