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Fly News Breaks for November 26, 2019
PRPL
Nov 26, 2019 | 07:40 EDT
Oppenheimer analyst Brian Nagel initiated coverage of Purple Innovation with an Outperform rating and $15 price target. The company represents a "digitally native, rapidly expanding" omni-channel manufacturer and seller of patent-protected polymer-based mattresses and cushioning products, Nagel tells investors in a research note. He believes a "significant, positive transformation" is now under way at the company and sees 80% upside in the shares.
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