Citi analyst Jon Tower lowered the firm’s price target on Cracker Barrel (CBRL) to $20 from $24 and keeps a Sell rating on the shares following the fiscal Q1 report. The firm cites the company’s declining traffic and guidance cut for the target drop.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CBRL:
- Cracker Barrel price target lowered to $25 from $43 at Gordon Haskett
- Cracker Barrel price target lowered to $26 from $30 at UBS
- Cautious Hold Rating on Cracker Barrel Amid Rebranding Controversy and Economic Pressures
- Cracker Barrel Faces Sell Rating Amid Traffic Decline and Operational Challenges
- Closing Bell Movers: GE Vernova up 6% on raised outlook, doubled dividend
