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Fly News Breaks for May 6, 2015
NDLS
May 6, 2015 | 07:18 EDT
Jefferies says shares of Noodles & Company are likely break below the $18 IPO price after management lowered the company's 2015 earnings growth guidance to flat versus the 20% previously expected. Jefferies believes shares are attractively valued, but admits the turnaround is "clearly taking longer and presenting complications." It lowered its price target for shares to $22 from $27 and keeps a Buy rating on the name.
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