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Fly News Breaks for October 24, 2018
CHEF
Oct 24, 2018 | 08:31 EDT
Loop Capital analyst Andrew Wolf raised his price target on Chef's Warehouse to $39 and kept his Buy rating after its "strong" Q3 results, saying he also expects the company's "differentiated merchandising to continue to produce industry leading case growth in its Specialty Division while profitability in the Protein business recovers". The analyst is positive on the "improved macro sales trends for foodservice operators" during the quarter and expects Chef's Warehouse EBITDA growth at 20.4% to top the 16.9% consensus.
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