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Fly News Breaks for December 6, 2016
SCSS
Dec 6, 2016 | 07:07 EDT
As previously reported, Wedbush downgraded Select Comfort to Neutral from Outperform and lowered its price target to $22 from $25. Analyst Seth Basham believes the company will have difficulty meeting near-term expectations due to intense promotional activity in recent weeks, combined with recent store checks, lead him to believe Q4 is tracking below expectations.
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