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Fly News Breaks for January 7, 2019
BJRI
Jan 7, 2019 | 07:08 EDT
As previously reported, Stifel analyst Chris O'Cull upgraded BJ's Restaurants to Buy from Hold as he believes the 22% pullback since late October presents a good opportunity to buy at a reasonable valuation. He believes same restaurant sales drivers remain in place and projects 2019 SRS growth of 3.0-3.5% and also sees operating margins improving in 2019, O'Cull tells investors. However, he lowered his price target on BJ's Restaurants shares to $65 from $70.
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