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Fly News Breaks for January 16, 2018
TXRH
Jan 16, 2018 | 07:22 EDT
BTIG analyst Peter Saleh raised his price target on Texas Roadhouse to $67 on expectation of positive impact from the U.S. tax reform and the company's strong sales momentum. Given that Texas Roadhouse has already invested in its salesforce to reduce turnover, the analyst contends, the extra cash from the lower tax rates will flow to earnings. Saleh keeps his Buy rating, forecasting strong initial comps in 2018 amid easy comparisons to last year.
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