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Jittery trading on Smart & Final Stores

Published 12/05/2017, 12:05 PM
© Reuters.  Jittery trading on Smart & Final Stores
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  • Smart & Final Stores (SFS -6.8%) tracks lower after JPMorgan (NYSE:JPM) issues a cautious outlook on the grocery store operator.
  • The firm expects S&F to face increased competition in California and points to a higher cost structure due to the Haggen acquisition. Naturally, the threat of Amazon (NASDAQ:AMZN) is added to the mix by JP.
  • Shares are rated at Neutral and assigned a price target of $9.
  • Sources: CNBC and Bloomberg
  • Now read: Kroger (NYSE:KR): Will Shares Reach & Beyond?


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