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Fly News Breaks for July 27, 2017
BWLD
Jul 27, 2017 | 07:27 EDT
Barclays analyst Jeffrey Bernstein lowered his price target for Buffalo Wild Wings to $144 saying management last night reset the near-term bar, which is a "good thing." Visibility on the new direction and leadership for the business is limited, however, Bernstein tells investors in a post-earnings research note. He believes the company's "levers for value creation are large over time" and finds the stock's risk/reward favorable for those with at least a year time frame. The analyst keeps an Overweight rating on Buffalo Wild Wings.
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