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Fly News Breaks for February 21, 2020
BJRI
Feb 21, 2020 | 05:01 EDT
Stifel analyst Chris O'Cull downgraded BJ's Restaurants to Hold from Buy with an unchanged price target of $45. The analyst cites valuation for the downgrade with the shares nearing his price target. Further, earnings upside may be limited without stronger same-restaurant-sales performance, O'Cull tells investors in a research note. To show meaningful appreciation from the current stock price, BJ's needs to demonstrate "durable" SRS gains of at least 2.5%, says the analyst.
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