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Fly News Breaks for January 19, 2017
PIR
Jan 19, 2017 | 07:05 EDT
Loop Capital analyst Anthony Chukumba reiterates a Buy rating on Pier 1 Imports after Alden Global Capital lowered its stake in the company to 4.3% from 9.2%. The fund was likely taking money off the table following the share rally, Chukumba tells investors in a research note while adding that the fund's stake was never a central part of his Pier 1 thesis.
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