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Fly News Breaks for February 8, 2018
PERY
Feb 8, 2018 | 06:23 EDT
DA Davidson analyst Andrew Burns initiated Perry Ellis with a Neutral rating and a price target of $27.50, saying the company is poised for growth thanks to its "portfolio of globally recognized brands and a healthy balance sheet". Burns further cites an improving retail backdrop, continued category expansion, and growth of the company's international and direct-to-consumer divisions.
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