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Fly News Breaks for April 2, 2015
FRGI
Apr 2, 2015 | 07:56 EDT
Wedbush says that its checks indicate that the Q1 same-store sales of Fiesta's Pollo and Taco brands are tracking ahead of expectations. The firm says that Pollo's fundamentals are outperforming, while the Taco concept's valuation will increase, making the estimates and valuation for Fiesta conservative. The firm reiterates an $82 price target and Outperform rating on the shares.
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