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Fly News Breaks for February 8, 2018
XELB
Feb 8, 2018 | 06:28 EDT
DA Davidson analyst Andrew Burns initiated Xcel Brands with a Buy rating and a price target of $5, saying the evolution of the retail industry presents the company with a "tremendous opportunity" based on its diverse licensing brand portfolio. The analyst forecasts growth and margin expansion over the coming years to be driven y the company's Quick Time Response platform made to deliver fashion to department stores at "industry leading speeds", along with contributions from the "stable to improving interactive TV sales".
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