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Fly News Breaks for August 20, 2015
TFM
Aug 20, 2015 | 08:08 EDT
BofA/Merrill downgraded The Fresh Market to Underperform from Neutral. The firm's checks indicate The Fresh Market's price gap versus competitors has widened due to the industry shift to promoting perishable items. BofA/Merrill said the company's value position is resonating less with customers due to increased availability of lower priced, organic offerings at conventional supermarkets and specialty grocers. The firm lowered its price target to $25 from $35.
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