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Fly News Breaks for December 19, 2019
PRPL
Dec 19, 2019 | 06:25 EDT
BofA/Merrill analyst Curtis Nagle initiated coverage of Purple Innovation with a Buy rating and $10 price target. The analyst believes that the company can sustain a high rate of growth in revenue and EBITDA over the next few years thanks to its new product rollouts, partnerships with new wholesalers, rising average selling price, and continued improvement in the manufacturing and supply chain.
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