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Fly News Breaks for June 21, 2017
CHUY
Jun 21, 2017 | 07:31 EDT
As noted earlier, Wedbush downgraded Chuy's to Neutral from Outperform. Analyst Nick Setyan says checks indicate that the company's SSS fell in Q2, leading him to warn that "lackluster SSS growth trends" put its 2017 guidance and consensus estimates at risk. He believes that higher food costs and its entry into new markets will pressure its margins. Target to $23 from $34.
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