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Fly News Breaks for May 8, 2019
TAST
May 8, 2019 | 21:14 EDT
Stephens analyst Will Slabaugh kept his Overweight rating and $16 price target on Carrols Restaurant, saying that while the company's Q1 earnings missed consensus and FY19 guidance was lower than expected, the quarter "masks" the "likely inflection" in 2020. The analyst contends that Carrols Restaurant's discounting will subside throughout the year and also believes that the Cambridge acquisition adds scale, anticipating the synergies to become more visible by the end of this year or early next year.
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