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Fly News Breaks for October 7, 2019
RGS
Oct 7, 2019 | 07:26 EDT
Jefferies analyst Stephanie Wissink raised her price target for Regis to $26 from $24 and keeps a Buy rating on the shares after hosting investor meetings with management. The analyst left with clarity around the future state of the business model, where she notes 100% of salons are franchised, "backed by a more sophisticated support-focused corporate structure." She assumes Regis will repurchase 30% of its outstanding shares over the next few years and that a dividend is possible.
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