Fly News Breaks for October 20, 2015
MSO, SQBG
Oct 20, 2015 | 06:44 EDT
Piper Jaffray analyst Erinn Murphy says the recent pullback in shares of Sequential Brands Group (SQBG) is not warranted. The company's organic growth is healthy and it is on track to close the Martha Stewart (MSO) by year-end, Murphy tells investors in a research note. She sees an attractive entry point at current share levels and keeps an Overweight rating on Sequential with a $21 price target.
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