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Fly News Breaks for July 11, 2016
PSMT
Jul 11, 2016 | 08:54 EDT
Roth Capital analyst Dave King lowered his price target for PriceSmart to $95 from $99 after the company's Q3 miss on "much lower" warehouse club gross margin resulting from currency pressures and significant markdowns that management expects to subside. The analyst reiterates a Buy rating on the shares to reflect PriceSmart's quality business model and market position as a low-cost leader.
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