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Fly News Breaks for October 17, 2019
TCS
Oct 17, 2019 | 05:06 EDT
Goldman Sachs analyst Kate McShane upgraded Container Store to Neutral from Sell with a price target of $5.25, down from $7.00. Following the recent underperformance, the analyst sees less downside risk for Container Store shares. McShane continues to believe consensus 2019 estimates for the company carry risk, but she believes the current valuation prices this in. She does not see Container Store's trading multiples trending lower from here.
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