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Fly News Breaks for February 4, 2016
BWLD
Feb 4, 2016 | 07:35 EDT
Raymond James upgraded Buffalo Wild Wings to Outperform and established a $165 price target on shares. Although Q4 results were below expectations, the firm said it was encouraged by better than expected Q1 comps and expects 2016 comp visibility to improve, views guidance as conservative and reflects a strong 2016 earnings growth acceleration, and said risk/reward is favorable. Note Longbow downgraded Buffalo Wild Wings to Neutral from Buy this morning.
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