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Fly News Breaks for February 12, 2018
NGVC
Feb 12, 2018 | 06:05 EDT
Barclays analyst Karen Short downgraded Natural Grocers to Underweight with an unchanged price target of $7. The analyst believes upside can only be generated should comps rise to positive low single digits with stable margins, an activist emerges, or if the company were to be viewed as a potential takeout candidate. She believes these scenarios are unlikely, "at least for now." Short also sees further downside to estimates amid "persistent" competitive pressures, "increasingly difficult" comparisons and "unstable" gross margins.
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