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Fly News Breaks for May 10, 2016
FRGI
May 10, 2016 | 09:37 EDT
Stephens analyst Will Slabaugh lowered his price target for Fiesta Restaurant to $40 from $50 after the company posted a slight top and bottom line miss. The analyst views the Q1 miss as reflective of soft volumes in newer Fiesta Restaurant's Pollo markets, which should continue to weigh on store-level margins in the coming years. Slabaugh reiterates an Overweight rating on the shares.
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