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Fly News Breaks for November 7, 2018
RRGB
Nov 7, 2018 | 07:58 EDT
Wells Fargo analyst Jon Tower lowered his price target for Red Robin to $36 from $43 as the troubles facing the company in Q2 carried over into Q3, with Red Robin struggling to drive both the top and bottom lines. However, this time around, the company intentionally self-inflicted short-term pain in hopes of driving long-term operational improvement, he notes. The analyst reiterates a Market Perform rating on the shares.
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