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Fly News Breaks for February 14, 2019
CHEF
Feb 14, 2019 | 06:18 EDT
Loop Capital analyst Andrew Wolf kept his Buy rating and $41 price target on Chef' Warehouse after its in-line Q4 results, saying the earnings quality was very good even though the quarter was penalized by an "unusually high" 2c per share healthcare and legal expense items. The analyst notes that the company's specialty and protein segment generated accelerating organic growth and believes that it is "in the earlier stage of a profit growth period driven by strong volume gains and profit margin expansion".
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