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Fly News Breaks for December 11, 2015
TCS
Dec 11, 2015 | 09:04 EDT
As previously reported, BofA/Merrill downgraded Container Store to Underperform from Buy and lowered its price target to $9 from $23 on shares. Analyst Denise Chai said near-term core trends remain soft and current initiatives are not enough to drive an inflection point. Chai said the company may need to cut its 12% store growth target if results don't stabilize.
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