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Fly News Breaks for September 25, 2018
ZUMZ
Sep 25, 2018 | 19:09 EDT
DA Davidson analyst John Morris initiated Zumiez with a Neutral rating and a price target of $29, saying that the target's implied valuation puts it "in-line with the long-term growth rate of 15% and the midpoint of its historical trading range". The analyst adds that while the company's growth potential thesis remains intact, the valuation of the stock "adequately reflects" its positive opportunities. Morris further notes that Zumiez U.S. market is nearing maturity and also sees Q3 comps starting to lap its recent improvements.
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