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Fly News Breaks for August 17, 2017
ZOES
Aug 17, 2017 | 08:00 EDT
As previously reported, Telsey Advisory upgraded Zoe's Kitchen to Outperform from Market Perform on valuation and raised its price target to $17 from $15. Analyst Bob Derrington said Zoe's is one of the fastest growing chains in the Restaurant Industry, and has confidence in management's aggressive sales initiatives which have gained traction in recent weeks. He said Q3 and Q4 same-store-sales are set to improve as it laps sequentially easier comps and is well positioned for trends to continue into 2018.
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