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Fly News Breaks for May 24, 2017
TLYS
May 24, 2017 | 08:25 EDT
After Tilly's reported results that beat expectations and gave Q2 EPS guidance that exceeded consensus estimates, Roth Capital analyst Dave King said he believes the company's outlook appears conservative given its prospects for continued operating leverage. The analyst, who also said he is encouraged by management's focus on e-commerce and willingness to close stores, raised his FY17 EPS estimates and keeps a Buy rating and $12 price target on Tilly's shares.
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