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Fly News Breaks for January 8, 2018
DENN
Jan 8, 2018 | 10:45 EDT
Stephens analyst Will Slabaugh noted that Denny's preliminary Q4 franchised SSS of +2.2% were ahead of Stephens estimates of +1.0% to +1.3%. Slabaugh believes the lower-end consumer will continue to strengthen due to benefits of tax reform and with Denny's positioning as a value leader in the full service space, he sees shares moving higher and remains a buyer of the stock. The analyst maintained an Overweight rating and $14 price target on Denny's shares.
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