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Fly News Breaks for January 14, 2020
TLYS
Jan 14, 2020 | 19:42 EDT
Pivotal Research analyst Mitch Kummetz downgraded Tilly's to Hold from Buy with a price target of $10, down from $13.50. The analyst says the company's holiday results came in weak with a 2.7% decline while the management also reduced its Q4 guidance. Kummetz adds that his conviction regarding a dramatic performance improvement for Tilly's is lacking, particularly as the company faces difficult two-year comparisons.
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