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Fly News Breaks for December 6, 2019
Dec 6, 2019 | 08:06 EDT
Jefferies analyst Janine Stocher downgraded J.Jill to Hold from Buy with a price target of $1.50, down from $5.00, after the company reported lower than expected Q3 results, guided for its new quarter to come in well below consensus forecasts and announced CEO Linda Heasley is departing after less than two years. Stocher does not see signs of an imminent inflection at J.Jill and believes the CEO transition is likely to further delay a turn, she tells investors.
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