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Fly News Breaks for June 10, 2016
MFRM
Jun 10, 2016 | 09:29 EDT
Wedbush analyst Seth Basham lowered his price target for Mattress Firm to $30 from $38 after the company delivered 'disappointing" results. The analyst expects increasing competition, execution inconsistency and the potentially reversing tailwind of easing credit standards to keep the company's shares under pressure until results improve further. Wedbush has a Neutral rating on the shares.
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