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Fly News Breaks for March 9, 2016
PERY
Mar 9, 2016 | 07:34 EDT
Brean Capital noted Q4 results for Perry Ellis were shy of estimates but the quarter was the fourth consecutive quarter of year-over-year gains in gross margin, adjusted EBITDA and adjusted earnings. Brean Capital believes the company's guidance is conservative and sees multiple growth opportunities. Brean Capital reiterated its Buy rating and $30 price target on Perry Ellis shares.
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