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Fly News Breaks for December 11, 2019
PBPB
Dec 11, 2019 | 06:12 EDT
Piper Jaffray analyst Nicole Miller Regan downgraded Potbelly to Neutral from Overweight with a price target of $5, down from $7. The resignation of CFO Tom Fitzgerald is "additional disruption" for a company in the midst of a recovery that is taking longer than anticipated, Regan tells investors in a research note. "We have learned that not all recovery opportunities are created equal," says the analyst, who is hitting the "pause button" on the shares.
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