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Fly News Breaks for January 21, 2020
LL
Jan 21, 2020 | 07:44 EDT
Morgan Stanley analyst Simeon Gutman downgraded Lumber Liquidators to Underweight from Equal Weight with a price target of $5, down from $9. In retail more broadly, he thinks it will be hard to repeat the strong performance of 2019 given tough comparisons, slower growth and the consumer decelerating and for Lumber Liquidators in particular he has concerns about lower earnings power, Gutman tells investors.
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