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Fly News Breaks for August 23, 2016
ZOES
Aug 23, 2016 | 08:02 EDT
Piper Jaffray analyst Nicole Miller Regan lowered her price target on Zoe's after the company reported higher than expected Q2 EPS but announced Q2 comp sales that missed expectations by a significant amount. The analyst keeps a Neutral rating on the shares, but she says that rating "could prove conservative" over the longer term. She thinks that the company's results could beat expectations going forward, driven by increased store count and a " strong unit-level economic model."
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