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Fly News Breaks for September 26, 2017
TAST
Sep 26, 2017 | 06:52 EDT
As previously reported, Raymond James downgraded Carrols Restaurant to Outperform from Strong Buy and maintained a $15.50 price target. Analyst Brian Vaccaro expects a higher level of discounting/promotions will pressure second half Burger King store margins, combined with high labor costs. As a result, the analyst lowered his 2017 EBITDA estimate to $87M, below guidance of $90M-$95M.
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