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Fly News Breaks for September 5, 2017
MIK
Sep 5, 2017 | 07:44 EDT
BofA/Merrill analyst Elizabeth Suzuki reinstated Michaels with a Buy and a $29 price target saying she expects growth to be driven by store optimization and transformation, improved leverage of lower-cost product sourcing and exclusive brands. The analyst only expects "modest" online disruptions for the arts and crafts industry due to the "important" in-store experience.
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