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Fly News Breaks for November 13, 2017
CHEF
Nov 13, 2017 | 07:21 EDT
As reported earlier, BMO Capital analyst Kelly Bania upgraded Chefs' Warehouse to Outperform from Market Perform and raised her price target to $23 from $18. Bania says she believes that the company can reach at least a 6% EBITDA margin in the coming years relative to 4.9% in 2017, saying the progress is more realistic given the potential for improving expense leverage. The analyst also attributes the price target revision to the accretive impact of the Fells Point acquisition.
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