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Fly News Breaks for June 4, 2015
VRA
Jun 4, 2015 | 08:56 EDT
As reported previously, Baird downgraded Vera Bradley to Neutral from Outperform. The firm cited its Q1 miss and lower guidance, weaker top-line trends, and several setbacks causing their recovery thesis to not play out as expected. Baird lowered its price target to $13 from $19 on Vera Bradley shares.
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