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Fly News Breaks for June 19, 2015
ZOES
Jun 19, 2015 | 08:11 EDT
After Zoe's CFO, Jason Morgan, left the company, Stifel is confident that he left solely because of a personal career choice. The firm does not expect his departure to have a material lasting impact on the company's prospects. It raised its price target on the shares to $52 from $45 based on its view of the company's mature company-store ROEs. Stifel keeps a Buy rating on the shares.
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