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Fly News Breaks for August 22, 2016
VNCE
Aug 22, 2016 | 07:08 EDT
As noted earlier, Piper Jaffray upgraded Vince Holding to Overweight from Neutral. Analyst Erinn Murphy calls the company "an early stage, self-help product turnaround candidate." She says that the company's fall/holiday offerings, which were influenced by the company's founders who have returned to active roles with the company recently, appear to be "positive." Moreover, the company's performance at a number of major retailers has improved, while the stock is "undervalued," she says. Target to $8 from $6.
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