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Fly News Breaks for April 6, 2016
PSUN, TLYS
Apr 6, 2016 | 08:57 EDT
Roth Capital analyst Dave King believes Tilly's (TLYS) stands to benefit over the intermediate and longer-term if PacSun (PSUN) files for chapter 11 bankruptcy, given the "significant" store overlap and similar customers. King reiterates his $8.50 price target and a Buy rating on Tilly's shares, reflecting the company's "attractive valuation," general focus on preserving product margins, and "strong" balance sheet.
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