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Fly News Breaks for April 20, 2016
EAT
Apr 20, 2016 | 07:47 EDT
JPMorgan analyst John Ivankoe recommends using the post-earnings weakness in shares of Brinker International as a buying opportunity. The company's free cash flow will not decline as much as earnings, and the 7% selloff yesterday is an "overshoot on the downside," Ivankoe tells investors in a research note. He lowered his price target for Brinker shares to $49 from $54 and keeps an Overweight rating on the name.
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