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Fly News Breaks for December 17, 2015
PIR
Dec 17, 2015 | 06:15 EDT
Deutsche Bank analyst Adam Sindler downgraded Pier 1 Imports to Sell saying the company's negative comps in Q3 is a "major red flag." The retailer's Q3 results and guidance confirm the situation is "worse than feared," Sindler tells investors in a research note. He cut his price target for the shares to $3.50 from $6.
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