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Fly News Breaks for February 6, 2017
DRI, BJRI
Feb 6, 2017 | 07:10 EDT
KeyBanc believes that an acquisition of BJ's Restaurants (BJRI) by Darden (DRI) "could create long-term value for both companies." BJ's sales levels suggest that it should open new restaurants, but it lacks the funds to do so, while Darden has had trouble meeting its sales growth targets and has indicated that it could look to make acquisitions, KeyBanc stated. The firm keeps Overweight ratings on both names.