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Fly News Breaks for February 22, 2018
TTS
Feb 22, 2018 | 06:51 EDT
Loop Capital analyst Anthony Chukumba lowered his price target on Tile Shop to $5, saying the company's "difficult" Q4 results give him less confidence about its turnaround prospects. Chukumba questions "how much of Tile Shop's struggles is due to increasingly high quality, low cost imitations of its premium products that are 'good enough' for most value conscious consumers". The analyst keeps his Hold rating, citing in part the 27% decline in the stock price following Q4 earnings.
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