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Fly News Breaks for July 13, 2018
PLCE
Jul 13, 2018 | 06:56 EDT
Wedbush analyst Jen Redding initiated shares of Children's Place with an Outperform rating and $150 price target, telling investors in a research note that inventory is well positioned and its markdown rate has stabilized, according to her e-commerce model. Redding believes there is runway into Q2 for shares now that weather has turned more seasonable from the extended winter weather of Q1, and views Children's Place as the best-in-class specialty retailer longer-term.
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