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YogaWorks (YOGA): Acquisition Strategy Continues

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Cowen analyst, Oliver Chen, reiterated his Outperform rating on shares of YogaWorks (NASDAQ: YOGA) after the company announced the acquisition of Pure Prana Yoga Studio in Alexandria, VA on September 27th, the 3rd studio YogaWorks has acquired since they went public in August.

The analyst stated “We are encouraged that management remains focused on completing acquisitions, and remain encouraged by the significant long-term growth opportunity ahead”.

No change to the price target of $7.

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