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Fly News Breaks for March 6, 2015
WFM, TFM
Mar 6, 2015 | 07:36 EDT
JPMorgan thinks The Fresh Market's (TFM) Q4 earnings beat, "solid" guidance and high short interest should drive the stock "meaningfully" higher today. The firm notes The Fresh Market's price-to-earnings ratio is nearly 10-times below peer Whole Foods (WFM) while 23% of the its float is shorted. JPMorgan raised its price target for shares to $46 from $44 and reiterates an Overweight rating on the stock.
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