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Fly News Breaks for October 15, 2015
PIR
Oct 15, 2015 | 08:52 EDT
Cantor expects Pier 1's profits to rebound next quarter, as its inventories normalize and its margins rise. The firm says that the company's promotions are becoming less aggressive, and it expects the company's margins to bottom this year. Cantor keeps a $13 price target and Buy rating on the shares.
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