Ruby Tuesday Upgraded, Soars 10% (RT)

Shares of Ruby Tuesday, Inc.

ended the Monday trading session up 10% at $14.36 per share. The stock climbed higher after Morgan Keegan upgraded the company's shares from a rating of Market Perform to Outperform and increased the price target to $13 per share up from the previous price target of $15 per share. The day's range for shares of Ruby Tuesday, Inc was between $13.42 and a 52-week high of $14.45 per share. The average price target of analysts who cover Ruby Tuesday, Inc. (

) was $13.71 per share. Volume of 1.4 million shares was nearly triple the daily average volume of 522,000 shares. Ruby Tuesday, Inc. owns and operates and franchises nearly 900 restaurants throughout the United States and in selected international locations. Read more