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Texas Roadhouse price target raised to $197 from $180 at Citi

Citi raised the firm’s price target on Texas Roadhouse (TXRH) to $197 from $180 and keeps a Neutral rating on the shares ahead of the company’s Q2 report. The company is seeing solid traffic but its profits are a question given management’s history of not passing on higher beef prices to consumers, the analyst tells investors in a research note.

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