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Fly News Breaks for December 6, 2019
Dec 6, 2019 | 08:02 EDT
As previously reported, Jefferies analyst Jonathan Matuszewski downgraded At Home Group to Hold from Buy with a price target of $6, down from $7, following the company's mixed Q3 results and "disappointing" Q4 guidance. While its unique operating model has historically served At Home well, Matuszewski is concerned that in the near-term that will be overshadowed by intensifying competition and fact that the company has lagged in embracing the shift of home furnishings wallet share online. Until visibility improves, he prefers to move to the sidelines, added the analyst.