Fly News Breaks for December 10, 2019
Dec 10, 2019 | 14:03 EDT
As previously reported, KeyBanc analyst Bradley Thomas downgraded Conn's to Sector Weight from Overweight. While the company reported better than expected Q3 earnings, comp sales growth decelerated and was below expectations due to tighter underwriting and poorer performance in consumer electronics, the analyst noted. The company is still seeing challenges driving growth in its retail segment and he prefers to move to the sidelines until there are signs of improved traction, Thomas stated.
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