Loop Capital lowered the firm’s price target on Cracker Barrel (CBRL) to $50 from $55 and keeps a Hold rating on the shares after its Q2 results. The company reported “very impressive” comparable sales and an earnings beat, though the firm also believes that the management’s transformation plan will take time to play out and sees shares being fairly valued at the present time, the analyst tells investors in a research note.
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Read More on CBRL:
- Cracker Barrel price target raised to $39 from $38 at Citi
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