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Fly News Breaks for December 13, 2016
BWLD
Dec 13, 2016 | 09:10 EDT
As noted earlier, BMO Capital downgraded Buffalo Wild Wings to Market Perform from Outperform. Analyst Andrew Strelzik downgraded the stock based on valuation and his belief that the company's 2017 EPS guidance could come in below expectations. The company will probably be conservative with its guidance, given ongoing challenges it's facing , the analyst stated. He advises investors to wait for a more attractive entry point in the name. Target to $185 from $190.
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