B.Riley/FBR Downgrades Tuesday Morning (TUES) to Neutral

B.Riley/FBR analyst Jeff Van Sinderen downgraded Tuesday Morning (NASDAQ: TUES) from Buy to Neutral with a price target of $2.40 (from $3.00).

• Sees a challenging backdrop to Q3.
• Expects some challenges from calendar and promotion shift.
• Sees soft traffic also impacting the valuation multiple.
• Cuts EPS estimates.

For an analyst ratings summary and ratings history on Tuesday Morning click here. For more ratings news on Tuesday Morning click here.

Shares of Tuesday Morning closed at $2.04 yesterday.

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