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Fly News Breaks for October 17, 2018
TACO
Oct 17, 2018 | 06:48 EDT
BTIG analyst Peter Saleh downgraded Del Taco to Neutral from Buy after its Q3 results and reduced FY18 outlook yesterday evening. The analyst points to the "combination of negative traffic and rising food and labor inflation" weighing on its prospects for the coming year, adding that while he is optimistic on its promotions and delivery potential, he is also worried about customers being discouraged by the company's higher pricing.
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