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Fly News Breaks for February 15, 2017
PBPB
Feb 15, 2017 | 08:14 EDT
Maxim analyst Stephen Anderson said that Potbelly's Q4 earnings beat expectations even excluding its favorable legal settlement and noted that management said it would introduce revamped online/mobile apps by the end of Q1, which is one quarter ahead of his projection. The analyst, who sees the company's 2017 guidance as conservative given that he thinks technology gains can produce both comp upside and margin gains, keeps a Buy rating and $16 price target on Potbelly shares.
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