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Fly News Breaks for July 26, 2019
BJRI
Jul 26, 2019 | 07:09 EDT
Oppenheimer analyst Brian Bittner lowered his price target for BJ's Restaurants to $50 from $52 following the company's Q2 earnings report, telling investors in a research note that he would take advantage of the pullback. While Bittner says he expects the Street's EBITDA estimates to move lower by ~5%-7% out of the print, this is already priced into valuation. Bittner maintains an Outperform rating.
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