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Fly News Breaks for April 17, 2019
PLCE
Apr 17, 2019 | 07:02 EDT
Deutsche Bank analyst Tiffany Kanaga last night initiated coverage of Children's Place with a Hold rating and $103 price target. The company is well positioned to exceed near-term expectations and guidance with improving momentum into April, Kanaga tells investors in a research note. However, the analyst harbors long-term concerns in a "challenging" retail subsector, especially as the "successful loyalty and private label credit card initiatives likely approach saturation."
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