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Fly News Breaks for January 13, 2020
TXRH
Jan 13, 2020 | 08:58 EDT
Raymond James analyst Brian Vaccaro upgraded Texas Roadhouse to Strong Buy from Outperform with a price target of $68, up from $63. In a research note to investors, Vaccaro says Texas Roadhouse is his top "quality" idea heading into 2020, reflecting his view that the company can sustain strong mid-single digit comps in a flat/slightly negative industry comp environment, more disciplined labor hour deployment should result in improved store margin performance and that near-term beef inflation concerns seem overdone.
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