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Fly News Breaks for May 8, 2019
PBPB
May 8, 2019 | 08:38 EDT
As previously reported, Maxim analyst Stephen Anderson downgraded Potbelly to Hold and lowered his price target to $8 from $11 following the company's "disappointing" Q1 results and a cut in its FY19 guidance. The analyst adds that Potbelly's 4.7% comp decline was "far worse" than expected, also lowering his FY19 EPS view to 2c from 25c after the quarter.