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Fly News Breaks for September 14, 2015
MFRM
Sep 14, 2015 | 09:24 EDT
As previously reported, BofA/Merrill downgraded Mattress Firm to Neutral from Buy and lowered its price target to $55 from $75. The firm downgraded shares following the earnings miss and 10% reduction in full year guidance. BofA/Merrill expects earnings to remain volatile as the company works through integrating 600 stores it acquired in the past year.
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