Hudson stock price target raised to $20 from $22 at UBS

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Shares of airport retailer Hudson slide 7% premarket after sales guidance falls short

Airport retailer Hudson Ltd.’s shares slid 7.2% in premarket trade Monday, after the company offered guidance for the fourth quarter and full year that lagged consensus estimates. Hudson said it expects fourth-quarter sales to rise 4.5% to $459.8 million, below the FactSet consensus of $473 million. For the full year, it expects sales rose 6.9% to $1.882 billion, below the FactSet consensus of $1.927 billion. The company, which went public at the end of January 2018, is scheduled to report earnings on March 14. Shares have fallen 14% in 2019 so far, while the S&P 500 has gained 3.6%.

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