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Bon-Ton climbs on Q3 EPS beat, Credit Suisse upgrade

  • Bon-Ton Stores (BONT +7.5%) shares climb after the company's better-than-expected bottom-line results in Q3.
  • Management reiterated full-year guidance of EPS of $0.15-$0.75 (vs. consensus of $0.46), EBITDA of $170M-$190M, and FCF of $10M-$30M. It expects comps to be in the middle to lower end of its range (flat to 2.5%).
  • Credit Suisse upgraded shares to Neutral from Underperform and hiked its PT to $15 from $10 following the results.
Comments (1)
  • Rope a Dope
    , contributor
    Comments (531) | Send Message
     
    Part of that 7.5% may be from shorts getting out; I show 38% of float shorted.
    22 Nov 2013, 11:09 AM Reply Like
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