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Fly News Breaks for November 25, 2019
PRPL
Nov 25, 2019 | 06:08 EDT
KeyBanc analyst Bradley Thomas initiated coverage of Purple Innovation with an Overweight rating and $12 price target. The company is "attractively positioned to deliver solid" wholesale and direct-to-consumer growth, margin expansion, and continued innovation in the bedding industry, Thomas tells investors in a research note. The analyst believes Purple can continue to execute a turnaround story and drive operational and financial improvements.
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