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Fly News Breaks for July 10, 2019
Jul 10, 2019 | 07:14 EDT
JPMorgan analyst Ian Luketic started Arcos Dorados with an Overweight rating and $8.50 price target. The company's "leading" quick service restaurant position, combined with its recovering Brazil same-store-sales and "attractive" valuation, make it a good vehicle for investors to gain exposure to the Latin America restaurants industry, Luketic tells investors in a research note.
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