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Fly News Breaks for July 21, 2017
PBPB
Jul 21, 2017 | 07:56 EDT
As previously reported, Maxim analyst Stephen Anderson downgraded Potbelly to Hold from Buy, stating that he believes the potential catalysts of a new CEO, activist involvement and the company's recovery have been priced in with shares approaching his unchanged price target of $13. While he expects a "modest beat" on earnings with the company's upcoming report, he does not expect Potbelly to management to raise its 2017 guidance.
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