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Fly News Breaks for April 2, 2018
NWY
Apr 2, 2018 | 07:47 EDT
Roth Capital analyst Dave King started New York & Co. with a Buy rating and $4.50 price target, noting that the company's traffic and average ticket are increasing as it shrinks its store base and he believes its margins should continue to improve as it drives significant growth in its e-commerce business. King also thinks management's guidance looks conservative given the easy comparisons the company faces in the first half of the year.
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