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Fly News Breaks for September 10, 2018
TXRH
Sep 10, 2018 | 07:18 EDT
As previously reported, Wedbush analyst Nick Setyan downgraded Texas Roadhouse to Neutral from Outperform, with a $67 price target, based on his view that recent valuation expansion implies same-store sales growth acceleration ahead of current consensus expectations. The analyst points out that his checks do not indicate an acceleration ahead of expectations, and he now sees increased risk to 2019 margin expectations.
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