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Fly News Breaks for May 13, 2019
TXRH
May 13, 2019 | 08:30 EDT
As previously reported, Baird analyst David Tarantino upgraded Texas Roadhouse to Outperform from Neutral following the sharp recent pullback in the stock, which he blames on inflationary worries and some concerns about softer early-Q2 comps. Though he noted he is not bullish on the casual dining sector, Tarantino said he considers Texas Roadhouse a "best-in-class operator" and he expects earnings visibility to improve moving through the year. He raised his price target on Texas Roadhouse shares to $65 from $61.
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