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Fly News Breaks for June 21, 2016
PERY
Jun 21, 2016 | 07:18 EDT
Brean Murray analyst Eric Tracy assume coverage on Perry Ellis with a Buy rating and $26 price target. The analyst expects accelerating revenue growth in 2H 2016 that should help offset continued pressure in the domestic wholesale channel and sees a decent margin expansion opportunity, supported by lower markdowns, and accretive mix shifts towards international.
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