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Fly News Breaks for November 20, 2019
Nov 20, 2019 | 08:35 EDT
Craig-Hallum analyst Jeremy Hamblin initiated coverage of Carrols Restaurant with a Buy rating and $11 price target. In a research note to investors, Hamblin says Carrols has suffered from self-inflicted wounds, including an accidental double discount on a promotion from June-August in 2019, and now the stock is valued at a 30%-40% discount to peers, almost like it's "going out of business." Hamblin says he thinks management is not only righting the business but has an under-appreciated and significant opportunity to accelerate growth and boost profitability.
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