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Fly News Breaks for October 3, 2018
PIR
Oct 3, 2018 | 17:14 EDT
Loop Capital analyst Anthony Chukumba kept his Hold rating and $1.50 price target on Pier 1 Imports in an initial takeaway note after its Q2 earnings. The analyst says the company's gross margin was "much worse than expected and indicates the company had to resort to dramatic markdowns to clear unproductive inventory".
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