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Fly News Breaks for November 2, 2018
RRGB
Nov 2, 2018 | 07:08 EDT
Loop Capital analyst Lynne Collier initiated Red Robin with a Hold rating and a price target of $35. The analyst says that while the company's current valuation is "clearly attractive" near its 5-year low, its performance will likely be constrained in the coming months as it optimizes its service model and marketing message. Collier adds that Red Robin's operational fixes will likely take some time to translate into improved performance.
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