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Fly News Breaks for September 9, 2016
BJRI
Sep 9, 2016 | 06:33 EDT
Wedbush analyst Nick Setyan downgraded BJ's Restaurants to Neutral and lowered his price target to $40 from $47. Checks indicate continued lackluster same-store-sales growth across geographies and a declining marginal benefit from ongoing cost initiatives, Setyan noted. Additionally, the analyst said high consensus estimates are at risk when compared to management's guidance commentary.
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