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Fly News Breaks for May 3, 2017
PBPB
May 3, 2017 | 08:01 EDT
Maxim analyst Stephen Anderson downgraded Potbelly to Hold from Buy following the release of "disappointing" Q1 results and a guidance cut, saying he now expects full-year margin contraction of 50bps and sees little visibility for a sales catalyst. Anderson lowered his price target on Potbelly shares to $13 from $16.
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