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Fly News Breaks for May 2, 2018
TXRH
May 2, 2018 | 06:41 EDT
JPMorgan analyst John Ivankoe downgraded Texas Roadhouse to Underweight while raising his price target for the shares to $63 from $54. The analyst views the company's Q1 results as "strong" but adds it is hard to see upside from current valuation levels. Even aggressive modeling assumptions show limited upside potential, Ivankoe tells investors in a research note.
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