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Fly News Breaks for November 7, 2016
ZOES
Nov 7, 2016 | 07:32 EDT
Maxim analyst Stephen Anderson lowered his price target on Zoe's Kitchen to $36 from $40 ahead of the company's Q3 earnings report next Monday, November 14, saying that he does not believe Zoe's is immune from broader trends in the fast casual segment. However, he still expects the company to report a comp sales increase of 3%-4% in 2H16 and that lower food costs and a potential softening of real estate demand can help the company keep posting margin upside. He keeps a Buy rating on Zoe's shares.
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