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Fly News Breaks for September 12, 2017
RRGB
Sep 12, 2017 | 07:11 EDT
BTIG analyst Peter Saleh raised his price target on Red Robin as he is more confident in the company's initiatives after meeting with its CFO. The analyst expects the company's near-term results to be boosted by its Tavern Double platform offer and the expansion of delivery which is proving to be more popular than the company thought, according to the analyst. Over the longer term, he thinks it can benefit from cost cutting. He keeps a Buy rating on the stock.
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