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Fly News Breaks for September 12, 2018
DFRG
Sep 12, 2018 | 06:35 EDT
As previously reported, Stephens analyst Will Slabaugh downgraded Del Frisco's to Equal Weight from Overweight as part of a broader reshuffling of his ratings in the full service restaurant sector as he noted that many stocks in the group have begun to reflect a more positive outlook for low-to-middle income consumers. He has concerns about soft traffic at Double Eagle and its debt load following its recent acquisition of Barteca, Slabaugh tells investors. He lowered his price target on Del Frisco's shares to $10 from $15.
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