Wedbush analyst Nick Setyan downgraded Chuy‘s (CHUY) to Neutral from Outperform with a price target of $37.50, down from $38. The firm said that the likelihood of Darden’s (DRI) acquisition of Chuy’s is “high,” and that it views competing bidders as unlikely.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CHUY: