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Fly News Breaks for May 31, 2017
PBPB
May 31, 2017 | 07:55 EDT
Maxim analyst Stephen Anderson upgraded Potbelly to Buy from Hold following news that CEO Aylwin Lewis is resigning, as he believes new management could reinvigorate performance. He also now believes benign food costs will support margin expansion through the first half of FY18. Anderson keeps a $13 price target on Potbelly shares.
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