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Fly News Breaks for October 19, 2015
TXRH
Oct 19, 2015 | 06:54 EDT
KeyBanc upgraded Texas Roadhouse to Overweight with a $45 price target on shares. Analyst Chris O'Cull has increased confidence in the 2016 earnings outlook given easing beef prices and recent SRS momentum. O'Cull said Q3 results were likely impacted by higher-than-expected beef inflation but expects beef prices to fall in 2016 and is confident in 2016 earnings estimate of at least $1.66 per share.
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