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Fly News Breaks for May 3, 2018
HABT
May 3, 2018 | 06:09 EDT
Stephens analyst Will Slabaugh downgraded Habit Restaurants to Equal Weight and lowered his price target for the shares to $10 from $15. The analyst sees limited visibility following the company's Q1 results. Soft traffic trends could persist in coming quarters, which would further pressure estimates and put a "temporary lid" on the company's valuation, Slabaugh tells investors in a post-earnings research note. He views Habit Restaurants as fairly valued at current levels.
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