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Fly News Breaks for December 3, 2018
NDLS
Dec 3, 2018 | 07:28 EDT
As reported earlier, RBC Capital analyst David Palmer upgraded Noodles & Co to Outperform from Sector Perform and kept his price target at $12. The analyst notes that the 40% decline in the stock price since mid-October largely as a result of share sale by private equity owners has not come with any change in the company's fundamentals. Palmer also believes that the risk-reward on the stock is favorable amid a "multitude of sales and margin catalysts, growing private ownership in the sector, and attractive valuation.
News For NDLS From the Last 2 Days
