By: Benzinga
UPDATE: BMO Capital Markets Reiterates Outperform Rating, Lowers PT on Elizabeth Arden
In a report published Friday, BMO Capital Markets reiterated its Outperform rating on Elizabeth Arden (NASDAQ: RDEN ), but lowered its price target from $57.00 to $48.00. BMO Capital Markets noted, “RDEN reported 2Q EPS of $1.58 and missed our estimate of $1.65. The causes: (1) mass market sales came
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