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Fly News Breaks for December 6, 2018
TLYS
Dec 6, 2018 | 05:33 EDT
Pivotal Research analyst Mitch Kummetz upgraded Tilly's to Buy while lowering his price target for the shares to $14 from $17. The upgrade is "purely valuation related," as the stock's risk/reward now looks favorable at current levels, Kummetz tells investors in a research note. He believes the shares "appear cheap" based on current estimates. Further, three months into the issuance of the discount coupon settlement, "redemptions have largely been immaterial," says Kummetz.
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