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Fly News Breaks for May 28, 2015
TLYS
May 28, 2015 | 07:16 EDT
Brean Capital would use any weakness in Tilly's following Q1 results as a buying opportunity. The firm noted its earnings beat as well as a slowdown in sales in heritage markets coupled with higher than expected inventories. Brean Capital believes the sales slowdown was weather related and it foresees margin upside. Brean Capital reiterated its Buy rating and $18 price target on Tilly's shares.
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