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Fly News Breaks for May 6, 2015
May 6, 2015 | 09:32 EDT
Janney Capital said the firm has "been wrong" about zulily and lowered its fair value estimate on the shares to $13 from $22 after the company's guidance missed expectations. However, the firm maintains its Buy rating on the stock as it continues to see value in the franchise and believes zulily's lowered guidance appears conservative in the second half considering its "significantly easing" order comps.
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