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Fly News Breaks for July 18, 2017
SCSS
Jul 18, 2017 | 08:14 EDT
Stifel analyst John Baugh says that Select Comfort's supply problem has been resolved, and he adds that "demand for the two 360 products currently on the floor has been stronger than anticipated and overall traffic has been fairly consistent." He does not think the company's long-term outlook has been hurt by the supplier problem, and he says that its longer term outlook remains positive. Baugh raised his price target on the name to $36 from $32 and keeps a Buy rating on the shares.
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