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Fly News Breaks for May 1, 2019
CHEF
May 1, 2019 | 05:09 EDT
BMO Capital analyst Kelly Bania upgraded Chefs' Warehouse to Outperform from Market Perform and raised her price target for the shares to $40 from $38. The recent pullback in the shares, and underperformance relative to peers, provides a "compelling re-entry point" and favorable risk/reward profile, Bania tells investors in a research note. She believes Chefs' is well positioned to continue gaining market share in the fine dining segment of the food service industry given its "unique positioning."
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