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Fly News Breaks for July 12, 2017
KONA
Jul 12, 2017 | 06:36 EDT
Raymond James analyst Brian Vaccaro downgraded Kona Grill to Market Perform saying visibility is deteriorating. The company filed an amendment to its credit agreement yesterday which the analyst believes indicates underlying fundamentals have deteriorated further. Vaccaro expects investor concerns to remain until Kona can demonstrate weak comps and EBITDA trends have stabilized.
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