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Fly News Breaks for February 27, 2015
HSNI
Feb 27, 2015 | 07:57 EDT
UBS lowered its price target on HSN, Inc. to $75 from $88 following Q4 results that the firm called "noisy." UBS believes HSN's core business is impressive, but gross margins were lower and Cornerstone sales were lower due to weak apparel sales. UBS lowered its price target to reflect the payment of its $524M special cash dividend, but reiterated its Buy rating on HSN, Inc. shares.
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