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Fly News Breaks for August 17, 2016
PLKI
Aug 17, 2016 | 14:32 EDT
CL King analyst Michael Gallo says that nothing in Popeyes' Q2 results changes his view that it remains "one of the best-positioned names" in the quick service restaurants space for growth in the coming years. Further, the analyst sees the stock pullback as a good opportunity to purchase Popeyes' shares at attractive levels. Gallo reiterates a Strong Buy rating and $65 price target on the shares. In afternoon trading, Popeyes' stock has dropped over 7% to $54.28 per share.
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