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In a report published on Tuesday, Miller Tabak + Co. analyst Stephen Anderson raised the price target on
Bravo Brio Restaurant GroupBBRG from $22 to $24 and maintained the Rating of Buy on the company.
In the report, Miller Tabak + Co. noted, "...following news that a private equity fund known for past activism has raised its stake in the company and is seeking to increase shareholder value. We prefer not to comment on specific plans, but as we think BBRG has a valuation more akin to a more mature restaurant company than a high- growth one, we argue there is room for more substantial upside in the share price."
Bravo Brio Restaurant Group closed Monday at $17.99.
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Posted In: Analyst ColorPrice TargetAnalyst RatingsBravo Brio Restaurant GroupMiller Tabak & Co.NASDAQStephen Anderson
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