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Fly News Breaks for April 27, 2016
BWLD
Apr 27, 2016 | 09:19 EDT
Stephens analyst Will Slabaugh lowered his price target for Buffalo Wild Wings to $175 from $190, after the company reported a "disappointing" same-store sales decline at company-owned restaurants. The soft sales trajectory raises questions around the positive impact of easing compares throughout 2016 and led Buffalo Wild Wings to call for flattish comps in Q2 and Q3, the analyst tells investors in a research note. However, Slabaugh continues to see "compelling value" in the stock at its current valuation. The analyst reiterates an Overweight rating on the shares.
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