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Fly News Breaks for May 9, 2018
RRGB
May 9, 2018 | 07:54 EDT
As previously reported, Stifel analyst Chris O'Cull upgraded Red Robin to Buy from Hold as he believes its EPS visibility has improved given recent segment trends and the company's recent record of outperformance. He also believes its initiatives should help Red Robin sustain positive same-restaurant sales growth for 2018. O'Cull increased his 2018 and 2019 EPS estimates for Red Robin and raised his price target on the stock to $75 from $65.
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