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Fly News Breaks for May 10, 2018
CHEF
May 10, 2018 | 07:02 EDT
Loop Capital analyst Andrew Wolf raised his price target on Chefs' Warehouse to $29 and kept his Buy rating after its Q1 earnings beat while attributing the slight sales miss to adverse weather impact. Wolf keeps his Buy rating, adding that the company is in the early stages of a "growth turnaround driven by solid sales and profit margin expansion", benefiting from its distribution infrastructure and leading positions in high-end specialty merchandising.
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