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Fly News Breaks for March 17, 2016
PLCE
Mar 17, 2016 | 06:29 EDT
Piper Jaffray analyst Stephanie Wissink upgraded Children's Place to Overweight after the company topped the brand preference charts in her firm's survey of millennial moms. Improving brand equity and financial engineering provide a favorable setup for the shares, Wissink tells investors in a research note. She raised her price target for the shares to $92 from $69.
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