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Fly News Breaks for February 20, 2019
TAST
Feb 20, 2019 | 09:19 EDT
After Carrols Restaurant announced a deal to acquire 166 Burger King and 55 Popeyes restaurants from Cambridge Franchise Holdings, Stephens analyst Will Slabaugh called the agreement a "clear positive." He likes the large and accretive nature of the deal and also likes that it give Carrols a platform to develop a second fast-growing QSR brand. The analyst, who said he would be a buyer on today's news, kept an Overweight rating and $18 price target on Carrols Restaurant shares ahead of the company's conference call.
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