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Fly News Breaks for August 9, 2017
RRGB
Aug 9, 2017 | 08:11 EDT
Canaccord analyst Lynne Collier lowered her price target on Red Robin to $80 from $90 following Q2 results. She noted the company beat on the bottom line but expects the stock's reaction to be muted since guidance was at the low end. Collier maintained her Buy rating on Red Robin shares as the company's initiatives are taking hold leading to a further acceleration in comps.
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