Cantor Fitzgerald Starts Spartan Stores (SPTN) at Hold, $18 Price Target
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Price: $19.27 -0.57%
Rating Summary:
5 Buy, 4 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 9
Rating Summary:
5 Buy, 4 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 9
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Cantor Fitzgerald initiated coverage on Spartan Stores (NASDAQ: SPTN) with a Hold rating and $18 price target.
The firm said, "While we are encouraged by the lack of new competitor store openings and recent improvement in the Michigan employment statistics, the rate of recovery remains slow." Cantor warns of inflationary pressures ahead as volume trends continue to weigh on the retail sector.
For an analyst ratings summary and ratings history on Spartan Stores click here. For more ratings news on Spartan Stores click here.
The firm said, "While we are encouraged by the lack of new competitor store openings and recent improvement in the Michigan employment statistics, the rate of recovery remains slow." Cantor warns of inflationary pressures ahead as volume trends continue to weigh on the retail sector.
For an analyst ratings summary and ratings history on Spartan Stores click here. For more ratings news on Spartan Stores click here.
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