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Fly News Breaks for March 21, 2018
PLCE
Mar 21, 2018 | 07:03 EDT
SunTrust analyst Pamela Quintiliano lowered her price target on Children's Place to $132 after the company's lower than expected guidance for Q1 and FY18. The analyst notes that its accelerating investment to reflect consumer preferences for the long term will likely cause a drag on near-term earnings, while the focus on e-commerce will also alter the company's gross margin profile. Quintiliano keeps her Hold rating on Children's Place, anticipating a "flattish" FY18 in spite of the lower tax rate as well as few catalysts in the near term.
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