BKE - Buckle identified as potential short squeeze candidate by CFRA

CFRA Research upgrades Buckle ([[BKE]] -0.7%) to Hold from Sell to reflect improving fundamental trends for the retailer and its view that demand for apparel will accelerate as social distancing guidelines are eased.Analyst Camilla Yanushevsky also thinks fleet rationalization is a catalyst toward better near-term profitability for Buckle."Our analysis also found that BKE will be a primary beneficiary of stimulus given the overlap between its real estate footprint and stimulus check recipients. We also flag BKE as a likely short squeeze candidate, given higher percentage of float shorted relative to peers."The firm increases its price target on Buckle to $40.Buckle saw a 240% sales gain in March against the weak pandemic comparable.

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Buckle identified as potential short squeeze candidate by CFRA