Fly News Breaks for February 14, 2020
Feb 14, 2020 | 09:26 EDT
Maxim analyst Stephen Anderson initiated coverage of Noodles & Company with a Buy rating and $12 price target, saying its on-trend menu evolution around new lower-carb pasta along with its revamped rewards program and return to unit growth are leading its turnaround. The analyst is also positive on the company's restructuring activities such as refranchising, a new kitchen operating model, and its debt paydown all boosting its margins.
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