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Fly News Breaks for August 5, 2015
DAVE
Aug 5, 2015 | 10:27 EDT
As previously reported, Craig-Hallum analyst Alex Fuhrman downgraded Famous Dave's to Hold from Buy after the company reported quarterly results that included a 9.2% drop in comparable company-owned store sales. Fuhrman believes the brand's long-term potential is interesting but cut his rating and price target to $16 while awaiting the company to improve its execution.
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