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Fly News Breaks for October 11, 2017
Oct 11, 2017 | 09:00 EDT
Maxim analyst Stephen Anderson raised his price target on Cracker Barrel to $160 from $155 following the company's investor day conference. Anderson says he now anticipates more cost savings from IT-driven initiatives than previously expected and sees some upside to the management's long-term target of 750-800 restaurants in the U.S. The analyst maintains a Hold rating on the stock, reflecting a slower 7-10% long-term EPS growth relative to low-teen pace of the past five years.
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