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Fly News Breaks for October 10, 2018
TTS
Oct 10, 2018 | 07:34 EDT
Citi analyst Geoffrey Small assumed coverage of Tile Shop and upgraded the shares to Buy from Neutral with a $9 price target. The hard-surface flooring sector is attractive given its favorable growth profile, highly-fragmented structure and because it carries very little threat of e-commerce disruption, Small tells investors in a research note. The analyst believes concerns over tariffs and a housing slowdown are overblown and that Tile Shop's current valuation is "compelling."
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