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Fly News Breaks for February 26, 2019
FRGI
Feb 26, 2019 | 08:19 EDT
Stephens analyst Will Slabaugh lowered his price target on Fiesta Restaurant Group shares to $25 from $32 following the company's "mixed bag" Q4 results, citing the near-term volatility expected as its turnaround continues to play out. However, he remains confident that both Taco Cabana and Pollo Tropical hold significant regional value "that will either be exploited by [Fiesta] or another potential buyer," said Slabaugh, who keeps an Overweight rating on the shares.
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