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Fly News Breaks for August 24, 2018
PLCE
Aug 24, 2018 | 07:43 EDT
As previously reported, Monness Crespi upgraded Children's Place to Buy from Neutral with a $165 price target. Analyst Jim Chartier said the modest sell-off in shares following strong Q2 results provides a buying opportunity. The analyst believes Q3 guidance is conservative given positive LDD comp sales to date, and declining investment that provides good visibility into 20%+ earnings growth over the next two years.
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