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Fly News Breaks for February 12, 2019
DENN
Feb 12, 2019 | 17:48 EDT
Stephens analyst Will Slabaugh kept his Overweight rating and $17 price target on Denny's after its in-line Q4 results, saying the strength in its top-line and lower labor costs offset higher occupancy and other expenses. The analyst sees the company continuing to benefit from a strong consumer backdrop and sees Denny's as "one of the better positioned full-service restaurants" thanks to its "innovative value and convenience strategy" and "market-share opportunities".
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