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Stock Market & Financial Investment News

News Breaks
August 19, 2014
09:15 EDTAPPAmerican Apparel price target raised to $1.25 from $1 at Roth Capital
Roth Capital increased its price target on American Apparel after the company reported higher than expected core EPS. The firm continues to have an upbeat view on the stock as it thinks the company has broad global appeal, while cost cuts could boost its profitability. Roth keeps a Buy rating on the shares.
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July 27, 2015
07:22 EDTAPPAmerican Apparel close to bankruptcy, NY Post reports
American Apparel is on the brink of bankruptcy, the New York Post reports. The retailer is currently short on cash reserves and faces a large bond payment in less than three months, all in addition to piling legal bills over the Dov Charney lawsuit over alleged sexual harassment, the report says. Investors are bracing themselves for all-out bankruptcy when the company releases its quarterly earnings, the report adds. Reference Link

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