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Fly News Breaks for February 22, 2016
CBRL
Feb 22, 2016 | 10:08 EDT
As previously reported, Telsey Advisory upgraded Cracker Barrel to Outperform from Market Perform and raised its price target to $160 from $142. Analyst Bob Derrington said Cracker Barrel appears to be better positioned to drive top line and bottom line growth with its new fast casual concept called "Holler & Dash Biscuit House," with the first store expected to open in March. Derrington expects the concept to prove very popular, especially with the millennial crowd, and complimentary to the Cracker Barrel's Old Country Store.