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Fly News Breaks for November 5, 2015
TXRH
Nov 5, 2015 | 06:11 EDT
Morgan Stanley downgraded Texas Roadhouse to Underweight from Equal Weight and lowered its price target to $32 from $37 on shares. Analyst John Glass changed his thesis on Texas Roadhouse to reflect increasingly difficult comps, challenges in the casual dining industry, lower beef prices that may result in a trade off between grocery and restaurants, and wage inflation.
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