Fly News Breaks for July 26, 2018
CBRL
Jul 26, 2018 | 08:07 EDT
As reported earlier, Maxim analyst Stephen Anderson upgraded Cracker Barrel to Buy from Hold and raised his price target to $187 from $170. The analyst sees more stable comps and lower food costs helping the company return to low-teen earnings growth. Anderson models SSS in the 2.0-2.5% range for the next few quarters, reflecting the company's sales drivers and easier comparisons, though he also sees FY19 as another year of investment.
News For CBRL From the Last 2 Days