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Fly News Breaks for May 8, 2018
FRGI
May 8, 2018 | 06:06 EDT
Stephens analyst Will Slabaugh upgraded Fiesta Restaurant to Overweight and raised his price target for the shares to $28 from $20. The company's Q1 results show Fiesta's turnaround is underway, Slabaugh tells investors in a research note. Monthly results are continuing to accelerate at both brands, indicates that the company's Strategic Renewal Plan is building traction among consumers, the analyst contends. He views Fiesta Restaurant's earnings power as "promising."
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