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Fly News Breaks for September 4, 2015
PSG
Sep 4, 2015 | 08:59 EDT
After attending Performance Sports Group's analyst event and its first Bauer 'Own the Moment' retail store, DA Davidson was impressed by the store and expects it to be an "excellent" brand. The firm thinks the concept could become a profitable growth engine for the brand. The firm believes that the current stock price undervalues the company, given what the firm sees as the company's strong execution, positive growth catalysts, and well-positioned brand. It keeps an $18 price target and Buy rating on the shares.
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