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Fly News Breaks for June 12, 2017
TAST
Jun 12, 2017 | 09:04 EDT
Raymond James analyst Brian Vaccaro said near-term beef concerns has created an attractive entry point for Carrols Restaurant shares. The analyst said near-term comp acceleration will more than offset beef costs that he expects to moderate. With shares down approximately 10% in the past month, he would buy shares as he expects margin visibiliy to improve later in the year. Vaccaro rates Carrols a Strong Buy with a $17 price target.
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